Latest news with #SonaBLWPrecisionForgings
Mint
11 hours ago
- Automotive
- Mint
Sona Comstar stock to be in focus on Monday after autoparts maker signs to set up JV in China — Details here
Auto components maker, Sona BLW Precision Forgings (Sona Comstar) shares will be in focus of the stock market investors on Monday, 21 July 2025, as the company signed a binding term sheet with Jinnaite Machinery Co (JNT) to set up a joint venture (JV) in China, according to an exchange filing. 'Sona BLW Precision Forgings Ltd, a global leader in mobility technology solutions, has signed a binding term sheet with Jinnaite Machinery Co. Ltd to establish a joint venture company in China,' the company informed the BSE through an exchange filing. The company aims to manufacture and supply driveline systems and auto components in China. As part of the first phase of the JV, Sona Comstar will invest $12 million, and JNT will contribute $8 million in assets and business. 'As the largest electric vehicle market in the world and a leader in EV technologies, China offers tremendous opportunities for innovation and growth. By leveraging the strengths of both partners, this venture is well-positioned for strong growth, and it has the potential to become a key supplier of driveline solutions for electric vehicles in the region,' said Vivek Vikram Singh, MD & Group CEO of Sona Comstar. Singh also highlighted that the company expects to commence the operations of the joint venture later this year for both electric vehicle (EV) and non-EV auto component customers. Jinnaite Machinery operates a foundry utilising patented technology to manufacture complex castings and molds. The company has a strong base among the Chinese auto OEMs, and also caters to North America, Europe, and Japanese markets. Sona BLW Precision Forgings shares closed 1.29% lower at ₹ 479.75 after Friday's stock market session, compared to ₹ 486 at the previous market close. The company announced the joint venture update on Sunday, 20 July 2025. Shares of the auto component manufacturer have given stock market investors more than 31% returns on their investment in the last five years, but are trading 32% lower in the last one-year period. On a year-to-date (YTD) basis, Sona BLW's stock has lost 18.86% in 2025. However, the shares are trading 6.7% higher in the last five stock market sessions. Sona BLW shares hit their 52-week high level at ₹ 767.80 on 23 September 2024, while the 52-week low level was at ₹ 379.80 on 4 April 2025, according to the BSE data. The company's market capitalisation (M-Cap) is at ₹ 29,827.06 crore as of the stock market close on Friday, 18 July 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
3 days ago
- Automotive
- Time of India
Sona BLW shares surge 8.5% on potential EV component deal with BYD
Shares of Sona BLW Precision Forgings rose sharply on Thursday following reports that Chinese electric vehicle (EV) giant BYD is in advanced talks with the Indian auto component manufacturer for the supply of EV parts. The stock climbed as much as 8.5 per cent to ₹494 on the BSE during intraday trade, ETMarkets reports. According to a CNBC-TV18 report citing sources familiar with the matter, the two companies have been in discussions for several months. The talks reportedly include plans for Sona BLW to establish a manufacturing facility in China, as part of its broader strategy to expand its global footprint and deepen ties with the world's largest EV maker. If the deal is finalised, it would mark a notable expansion for Sona BLW, which already supplies EV components to global automakers, including Tesla. Volume spike fuels rally, but stock still down YTD The rally in Sona BLW's shares was supported by a significant jump in trading volumes. By 12:10 pm, over 1.26 crore shares had changed hands—nearly five times the company's 10-day average volume. Despite Thursday's gains and a 2 per cent rise in the past month, the stock remains under pressure in 2025. It has fallen nearly 18 per cent year-to-date and over 16 per cent in the past six months. Bearish technicals persist despite short-term rebound On the technical front, Sona BLW's stock is trading below five of its eight key Simple Moving Averages (SMAs), including the 30-day, 50-day, 100-day, 150-day, and 200-day lines. However, it has managed to stay above its shorter-term 5-day, 10-day, and 20-day SMAs. The Relative Strength Index (RSI) stands at 33.1, slightly above the oversold threshold of 30, indicating weak momentum. The Moving Average Convergence Divergence (MACD) remains negative at -13.2 and is below both the signal and centre lines, reinforcing a bearish bias. If talks with BYD progress to a formal agreement, it could provide a strategic boost to Sona BLW's EV business. However, with technical indicators still signalling weakness, the stock's near-term trajectory may remain volatile. Investors will be watching for official confirmation and further clarity on potential manufacturing plans in China.
Business Standard
4 days ago
- Automotive
- Business Standard
Sona BLW Precision soars on buzz of new plant in China for supplying parts to BYD
Sona BLW Precision Forgings zoomed 7.10% to Rs 487.50 after media report stated that the company is in advanced talks with China's number one electric vehicle maker BYD. According to reports published in the media, the two companies have been in talks for the last couple of months. The report further reveals that Sona BLD may be looking to set up a manufacturing plant in China and establish a long-term partnership with the worlds largest electric vehicle producer. Sona BLW Precision Forgings is one of the world's leading automotive technology companies. The company has emerged as a global supplier with nine manufacturing and assembly facilities across India, the USA, Mexico, and China. It is primarily engaged in designing, manufacturing, and supplying highly engineered, mission-critical automotive systems and components to automotive OEMs. The company had reported 10.38% rise in consolidated net profit to Rs 164.12 crore despite a 2.19% fall in revenue to Rs 864.75 crore in Q1 FY26 as compared with Q1 FY25.
Mint
4 days ago
- Automotive
- Mint
Did Sona BLW bag an order from Chinese EV maker BYD? What company said amid 8.5% spike in shares
Sona BLW Precision Forgings share price witnessed an 8.5 percent rally in intra-day trading on Thursday, July 17, after reports surfaced claiming the company was in advanced talks to supply electric vehicle (EV) components to Chinese automaker BYD. Both the BSE and NSE sought clarification from the company following the surge in investor interest. In a clarification to the exchanges, Sona BLW Precision Forgings said it is in regular discussions with several domestic and global clients as part of its ongoing business strategy. The company emphasized that there is no material information that warrants disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. "This is in reference to news articles appeared across various mainstream media on July 17, 2025, in relation to 'the company is in advanced talks to supply electric vehicle components to Chinese EV manufacturer BYD'. In this regard, the company wishes to clarify that it is in discussions with several potential customers in India and globally in the ordinary course, for growth of its business," it said. In the quarter ended March 2025, Sona BLW reported a net profit of ₹ 164 crore, up 11 percent from ₹ 148 crore in the same period last year. Revenue from operations declined 2 percent year-on-year to ₹ 865 crore from ₹ 884 crore. During Q4, the company secured a major order from a North American EV manufacturer for rotor-embedded differential sub-assemblies and epicyclic geartrains, contributing ₹ 1,520 crore to its order book. Notably, 35 percent of Sona BLW's revenue during the quarter came from the EV business, with Tesla continuing as one of its key clients. The stock touched a high of ₹ 494 on July 17, marking an 8.5 percent gain in intra-day trade. However, it remains nearly 36 percent below its 52-week high of ₹ 767.80, hit in September 2024. The stock had slumped to a 52-week low of ₹ 379.80 in April 2025. Despite being down over 36 percent in the past year, the stock has shown signs of recovery. It rose 1.65 percent in July so far, after declining 11.5 percent in June. The previous two months—May and April—saw gains of 13 percent and 4.3 percent, respectively. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
4 days ago
- Automotive
- Economic Times
Sona BLW shares rally over 8% after report of supply talks with Chinese automaker BYD, potential China plant
Sona BLW and BYD have reportedly been in talks for several months, with the proposed manufacturing facility in China seen as a key part of Sona BLW's broader strategy to deepen its long-term partnership with the Chinese EV major. Tired of too many ads? Remove Ads Surge in volumes, but stock still lagging YTD Tired of too many ads? Remove Ads Technical indicators reflect bearish undertone Shares of Sona BLW Precision Forgings jumped as much as 8.5% on Thursday to Rs 494 on the BSE, after a report said Chinese electric vehicle giant BYD is in discussions with the Indian auto component maker for the supply of EV company may also set up a local manufacturing facility in China as part of its long-term plans, according to a report by people familiar with the matter, the report said discussions between Sona BLW and BYD have been ongoing for several months, and the potential local manufacturing facility in China forms part of Sona BLW's long-term collaboration strategy with the Chinese finalised, the deal would mark a significant expansion for Sona BLW, which already counts Tesla, a key BYD rival, among its major customers for EV rally was supported by a spike in trading volumes, with more than 1.26 crore shares changing hands as of 12:10 pm, nearly five times the company's 10-day average the day's gains, Sona BLW's stock performance in 2025 has remained under pressure. The stock is up around 8% over the past five sessions and nearly 2% in the past month. However, it has dropped over 16% in the past six months and is down nearly 18% the technical front, the stock is trading below five of its eight key simple moving averages (SMA), specifically the 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, but remains above the 5-day, 10-day, and 20-day Relative Strength Index (RSI) stands at 33.1, just above the oversold threshold of 30. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -13.2 and remains below both the centre and signal lines, reinforcing a strong bearish read | MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
