The company had a consolidated net profit of Rs 7.12 crore in the October-December quarter of last fiscal, 2014-15.
The company is expecting around 20 percent of revenue from exports in the next three years.
Here's how small cap stocks opened on January 1.
Here's how small cap stocks opened on November 29
Here's how small cap stocks opened on October 15
ONGC | SBI | Kingfisher Airlines | Biocon | Polaris | Jet Airways | Reliance Communications | Bombay Rayon | TVS Motor | BPCL | Ajanta Pharma | eClerx Services | DB Realty | REC | Sobha Developers | Sun Pharma | Cipla | Aurobindo Pharma | Manappuram Finance and Aditya Birla Nuvo are stocks, which are in the news today.
Aashish Tater feels Sona Koyo‘s market cap will touch at least Rs 450 crore from the next 18 months perspective, which is roughly 100% from current levels. He says Tilaknagar Industries‘ first strategic tie-up with Pernod Ricard India is going to materialize in some kind of M&A deal, then the stock will be worth Rs 120-140.
Sona Koyo Steering Systems expects to grow its sale by 7-8 percent in FY14 and sees its operating margins improving to 13 percent during the year.
Wipro and Dun & Bradstreet (D&B) report on automobile sector discusses major challenges of automobile sector.
Surinder Kapur, CMD of Sona Koyo said auto component industry has been going through a flat phase mainly because the automotive industry itself has been flat. For Sona Koyo, the Maruti strike at Manesar impacted our growth last quarter, he added.
Sona Koyo has announced its third quarter results. The company's Q3 consolidated net profit was down at Rs 9.4 crore versus Rs 10.1 crore.
As the industry fights a prolonged lull in the automobile market, component makers and OEMs came under one roof today at the ACMA Annual Conference in an effort to forge a close partnership to tide over the storm.
Aashish Tater, head of research, Fort Share Broking has picked Sona Koyo and GMM Pfaudler as his multibagger stocks for the day. He expects these stocks to fetch better returns ahead.
In an interview to CNBC-TV18, Surinder Kapur, chairman and managing director of Sona Koyo Steering System says, in Q3, the pressure has been more on the top-line. He expects revenue to be flat this year.
PINC Research has come with its quarterly earning estimates for automobiles sector.
The labour unrest at Maruti is taking a serious toll on auto component manufacturers, including Sona Koyo. Chairman Surinder Kapur tells CNBC-TV18 that they are currently in a 'danger zone.'
India auto component industry is bullish on India's auto growth story. Calling the slowdown a temporary glitch, it is confident that the industry will bounce back, despite rising interest rates and fuel costs, reports CNBC-TV18's Swati Khandelwal Jain.
From the Honda unrest in 2005 to the Maruti strike in 2011, industrial relations in Haryana have gone from bad to worse.
West Bengal has passed the Singur Land Rehabilitation and Development Bill, 2011. Surinder Kapur, chairman and managing director, Sona Koyo tells CNBC-TV18 that he is relieved after hearing Mamata Banerjee’s decision.
Tata Motors vendors have gone up in arms against the Singur Bill. Sona Koyo Chairman said vendors should be compensated by West Bengal govt. At 15:03 hours the share was trading at Rs 987.25, down Rs 25.55, or 2.52%
In an interview with CNBC-TV18, Surinder Kapur, CMD, Sona Koyo says, the company’s revenue has grown from Rs 242 crore to Rs 290 crore. In the current year, he expects, Rs 1,200 crore to Rs 1,250 crore revenue on a standalone basis.