India's Sona BLW Precision up on Q3 profit jump

Sona Blw Precision Forgings

24/01/2024 09:05

** Shares of Sona BLW Precision Forgings  SONB.NS  up as
much as 3.3% to 599 rupees
    ** Precision forged gears maker reported a 23.9% Y/Y rise in
its Q3 net profit to 1.33 bln rupees ($16 million), rev from ops
rose 15.8% 
    ** Co declared an interim dividend of 1.53 rupees per share
    ** Stock has been trading above its 200-day moving avg since
April 28, 2023
    ** Stock was up for the third straight quarter in the Dec
quarter
    ** Avg rating of 15 analysts close to equivalent of "buy";
median PT is 665 rupees - LSEG


($1 = 83.1190 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))