India's Sona BLW Precision Forgings loses most in over a year

Sona Blw Precision Forgings

22/09/2022 10:04

** Shares of auto components manufacturer Sona BLW Precision
Forgings Ltd  SONB.NS  fall as much as 5.9% to 468.65 rupees
($5.82), in their biggest pct loss since Aug. 18, 2021
    ** SONB at its lowest since Aug. 27, 2021
    ** Stock is also down for a seventh consecutive session
    ** More than 3.2 mln shares change hands by 0835 GMT vs
30-day avg of 4,192,801 shares
    ** Seven of the 15 analysts covering the stock have a "buy"
or "strong buy" rating, two have "hold," while six rate it at
"sell" or "strong sell"; median PT is 610 rupees - Refinitiv
data
    ** Stock down 33% so far this year up to last close vs Nifty
Auto index's  .NIFTYAUTO  20.9% rise
($1 = 80.5800 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))