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Sona BLW: Soft patch an opportunity to buy for long term

Business fundamentals are sound and financial track record is impressive for this company while growth scope is immense

September 21, 2022 / 10:55 AM IST
Sona BLW: Soft patch an opportunity to buy for long term

Representative image (Source: Reuters)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The stock price and financial performance of Sona BLW Precision Forgings Ltd’s (SBPFL; CMP: Rs517.5; M Cap: Rs 30,300 crore) — one of the rare gems in the listed space to play the mega trend of electrification of vehicles — has been under pressure (stock price down 38 percent from its all time high attained in December 2021) due to demand remaining weak in Europe and a significant rise in commodity and energy cost impacting operating margin. However, the growth...

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