Sona BLW shares fall 8% intraday as Chairman's demise, Israel-Iran tensions dent sentiments
ADVERTISEMENT "With profound sadness, we announce the passing of our esteemed Chairman and Non-Executive Director, Mr. Sunjay Kapur on June 12, 2025, in England, United Kingdom," the filing said.
"We assure our customers, business partners, employees, and shareholders that our operations and prospects remain unchanged as we honor his legacy. We are committed to upholding his legacy by advancing our mission and the values he instilled in Sona Comstar," the filing said further.
Fresh geopolitical tensions which flared on Friday also caused significant damage to the market mood as Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the region.Asian markets including India fell sharply. India's headline index Nifty fell by over 400 points or 1.6% to hit the day's low of 24,473 while the BSE Sensex plunged by over 1,300 points to touch the bottom of 80,354.59/.The selling pressure was seen across sectors with banks, auto and energy stocks getting most severely punished.
ADVERTISEMENT While the auto stocks made some recovery, the Nifty Auto index fell 500 points or 2% in the day's trade with 14 stocks out of 15, trading in the red. Sona Comstar, formerly known as Sona BLW Precision Forgings, is a leading Indian-based automotive technology company specialising in the design, manufacturing, and supply of automotive systems and components. They produce parts for both traditional and electric vehicles, including differential assemblies, gears, starter motors, and EV traction motors.
ADVERTISEMENT The company reported its highest-ever quarterly net profit, despite a year-on-year decline in revenue for the fourth quarter. In Q4 FY25, the company recorded a net profit of ₹164 crore, reflecting a 10% YoY increase. Revenue for the quarter stood at Rs 868 crore, marking a 2% decline.
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