Shares of Sona Koyo Steering Systems plunged as much as 9 percent in the morning trade on the bourses after the company set Rs 85 as the floor price for the offer of sale of its equity shares that began today.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Sona Koyo Steering Systems with a target of Rs 125.
Mitessh Thakkar of mitsshthakkar.com advises buying Sona Koyo Steering.
The company had posted a consolidated net profit of Rs 4.46 crore in the same period last fiscal, Sona Koyo Steering Systems Ltd said in a BSE filing.
Commenting on the deal, Sunjay Kapur, Chairman, Sona Koyo Steering Systems said the Kapur family is exiting the joint venture and will no longer be on the board as it is divesting entire 25 percent stake it holds. The deal was forged with a view to increase global market share of Sona Group‘s forging business, he said.
Tata Motors | Mahindra & Mahindra | Cipla | Marico | Tata Global Beverage | RPG Life | Cummins India | Apar Industries | Oricon Enterprises | Teamlease | NHPC and Sona Koyo are stocks, which are in the news today.
The Sona Group is looking to end its 32-year long partnership with JTEKT Corporation by selling out its 25 percent stake in flagship company Sona Koyo Steering Systems to the Japanese partner for roughly Rs 575-625 crore, reports the Economic Times today.
Ashwani Gujral of ashwanigujral.com recommends buying DHFL, Sona Koyo Steering and Yes Bank.
In an interview to CNBC-TV18‘s Latha Venkatesh, Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
Ashwani Gujral of ashwanigujral.com recommends buying Kesoram Industries, NBCC, Escorts, HPCL and Sona Koyo Steering Systems.
Dynamic Levels is bullish on Sona Koyo Steering Systems has recommended buy rating on the stock with a target price of Rs 80 in its research report dated October 19, 2016.
Krish Subramanyam of Altamount Capital is of the view that one may buy Karnataka Bank with a target of Rs 161.
Sona Koyo Steering Systems has reported a consolidated total income from operations of Rs 348.27 crore and a net profit of Rs 5.17 crore for the quarter ended Jun '16
Larsen and Toubro | Hero Motocorp | M&M | IFCI | Centrum Electronics | JK Cement | Ujaas Energy | Coal India | NMDC | MOIL | NALCO | Max Life | Zee Entertainment | Megasoft | Sagar Cements | Union Bank | Tata Coffee | Andhra Bank | Bharat Electronics | Quick Heal | CARE and Gateway Distriparks are stocks, which are in the news today.
In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
Sunjay Kapur, Chairman of Sona Koyo Steering Systems, says the company was not on some of the high-growth platforms such as compact SUVs.
Gaurang Shah of Geojit BNP Paribas is of the view that one may prefer Astra Microwave Products.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, NCC and Sona Koyo Steering Systems.
Sunjay Kapur, VC and MD, Sona Koyo, talks about how the stir is affecting many auto component ancillaries' output.
Prescient Securities Private Limited sold 3,800,000 shares at Rs 38.90 per share on the BSE.
The company had a consolidated net profit of Rs 7.12 crore in the October-December quarter of last fiscal, 2014-15.
The company had a consolidated net profit of Rs 7.12 crore in the October-December quarter of last fiscal, 2014-15.
Sona Koyo Steering Systems has reported a consolidated total income from operations of Rs 389.18 crore and a net profit of Rs 6.66 crore for the quarter ended Sep '15
Sunjay Kapur, Vice-Chairman & MD of Sona Koyo told CNBC-TV18 that frowth decline in customers impacted growth in second quarter.
Krish Subramanyam of Altamount Capital advises buying GMR Infrastructure with a target of Rs 14.25.