Sona BLW: Why Nomura thinks auto component firm may surpass industry growth

Quick Summary:

The electric vehicle (EV) revenue accounted for 33% of total revenue.

The company's order book expanded to Rs 23,300 crore in Q1FY25, from Rs 22,600 crore in Q4FY24.

As a result, Nomura has raised its target price for the company to Rs 788, up from Rs 687, reflecting a potential upside of 14.6 per cent.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Auto component maker Sona BLW BSE Nomura on Sona BLW Sona BLW Sona BLW share price today NSE Nifty Buzzing Stocks Sensex Nifty Auto Sona BLW share price Sona BLW stock Sona BLW stock price today Nifty50 Sona BLW analysis

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Published On: 2024-07-26 @ 09:31:12 (5 hours ago)

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