India's Sona BLW rises on higher quarterly profit

Sona Blw Precision Forgings

27/10/2026 04:12

** Shares of Sona BLW Precision Forgings SONB.NS rise 6% to 828.70 rupees
** Stock set for its biggest one day pct gain since July 2
** Auto parts supplier's net profit rises to 2.23 billion rupees ($23.43 million) from 1.73 billion rupees
** Q2 revenue from operations rises to 15.36 billion rupees from 11.38 billion rupees a year earlier
** Citi says "demand outlook remains positive, with tailwinds for the global EVs as well as domestic E2W sectors. New products are likely to aid Sona's growth being higher, underlying industry's"
** Citi maintains "buy" rating given healthy revenue growth and encouraging new order wins, raises PT to 960 rupees from 830 rupees
** YTD, stock up 71.8%


($1 = 95.1850 Indian rupees)

 (Reporting by Puyaan Singh in Bengaluru)
 ((puyaan.singh@thomsonreuters.com))