Sona BLW Precision Forgings' stock is currently trading at Rs. 700.00, marking a rise of 57.55 points or 8.96% from its previous close of Rs. 642.45 on the BSE.

The stock opened at Rs. 668.25 and has fluctuated between a high of Rs. 709.80 and a low of Rs. 662.90. A total of 144,825 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, previously reached a 52-week high of Rs. 767.80 on September 23, 2024, and a 52-week low of Rs. 489.00 on October 25, 2023. Over the last week, it has traded between Rs. 709.80 and Rs. 627.00. The company’s market capitalization stands at Rs. 39,912.53 crore.

The company’s promoters hold 28.04% of the shares, while institutions and non-institutional investors hold 64.51% and 7.45%, respectively.

Sona BLW Precision Forgings (Sona Comstar) has signed a deal with Escorts Kubota (EKL) to acquire its Railway Equipment Division (RED) for an enterprise value of Rs. 1,600 crore, pending the terms of the agreement. This acquisition allows Sona Comstar to enter the railway component market and promote eco-friendly mobility solutions.

RED, a major supplier of critical railway components such as brakes and suspension systems, generated Rs. 950 crore in revenue and Rs. 179 crore in EBIT in FY24. The acquisition is expected to immediately boost Sona Comstar’s earnings and create strong growth potential.

Sona BLW is a leading automotive technology company in India, specializing in the design, manufacturing, and supply of key automotive components such as differential assemblies, gears, and starter motors.