India's Sona BLW Precision up on getting certification under PLI scheme

Sona Blw Precision Forgings

19/06/2024 05:22

** Shares of automotive component maker Sona BLW Precision
Forgings  SONB.NS  up 2.2% at 655.25 rupees after rising as much
as 3.6% 
    ** SONB receives certification for its traction motor for
electric three-wheelers under production-linked incentive (PLI)
scheme from ministry of heavy industries
    ** Trading vol at 0.5x the 30-day daily avg as at 9.50am IST
    ** Avg rating of 17 analysts equivalent of "buy", median PT
is 705 rupees - LSEG data
    ** Stock up 1.6% YTD
    ** Stock down 7.2% so far this quarter, on track to snap
four straight quarterly gains

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))