Sona comstar share price

Sona Comstar, which was sold from June 14 to June 16, was subscribed 2.33 times, with the portion meant for qualified institutional buyers (QIBs) getting subscribed 3.54 times and that of retail individual investors (RIIs) by 1.61 times. The non-institutional investor quota remained undersubscribed at 40 per cent. The IPO comprised a fresh issue of shares amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,250 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc. Analysts mostly had 'subscribe with long term gains' rating on the issue as the asking valuations appeared rich. At the issue price, the scrip stood at 40 times of FY23 EPS that appeared expensive compared with other ancillary companies like Motherson Sumi's 22 times, Endurance technologies' 23 times, and Bharat Forge's 28 times. • 5,218.75 03:58 PM | 15 Jun 2023 209.75 (4.19%) 3,581.05 03:58 PM | 15 Jun 2023 95.10 (2.73%) 4,803.45 03:54 PM | 15 Jun 2023 104.45 (2.22%) 998.20 03:58 PM | 15 Jun 2023 19.50 (1.99%) • 2,843.05 03:59 PM | 15 Jun 2023 -88.55 (-3.02%) 1,297.10 03:57 PM | 15 Jun 2023 -26.15 (-1.98%) 388.95 03:59 PM | 15 Jun 2023 -7.50 (-1.89%) 566.50 03:59 PM | 15 Jun 2023 -10.05 (-1.74%)

Sona Comstar posted a revenue of ₹657 crore in the September quarter, up 12% from the year earlier, including a 6% rise in revenue for its BEV business at ₹131 crore. Net profit rose 5% from a year earlier to ₹93 crore during the quarter. Earnings before interest, taxes, depreciation and amortization (Ebitda) stood at ₹166 crore, with an Ebitda margin of 25.2%. However, with a large footprint in Europe, which is facing an economic slowdown and, China, which is facing continued uncertainty due to covid, business for diversified auto parts makers such as Sona Comstar could suffer near-term headwinds. “Europe is our third-largest market and the macro headwinds there will impact our business in the short term. China is uncertain for the foreseeable future. However, our two largest markets, India and the US, are more than making up for the softer demand in Europe," said Vivek Vikram Singh, chief executive, Sona Comstar. “We are banking on the EV business, which is on an upward trajectory globally, and region-wise, we are a well-diversified company. So, the sales slowdown in one market will not alter our growth trajectory. Overall, I am optimistic that we will register stronger growth than the industry as we have been doing. While the industry growth has remained somewhat flat, our order book has grown," he said. Shares of Sona Comstar closed 1.12% lower on Friday at ₹462 apiece on Friday underperforming a flat Mumbai market. After more than doubling from its listing price of ₹3...

A couple of days ago, I came across a report which mentioned how Reportedly, Indian auto ancillary companies have signed deals worth over Rs 63 billion (bn) in the last three months. This compares with last year's entire Rs 69.5 bn collection, where Indian auto sector witnessed mergers, acquisitions, and joint ventures. Amid all this, an auto ancillary firm with a solid focus on The company in question is Sona BLW Precision Forgings or Sona Comstar. In the past five days, the stock is down over 7%. In the past six months, the stock has fallen by 18%. Let's find out why. #1 Stake sale by Blackstone The recent decline in Sona Comstar share price is because of a block deal. Yesterday, on 13 March 2023, Blackstone sold its entire 20.5% stake in Sona BLW Precision Forgings for Rs 49.2 billion (bn) via a block deal. Blackstone, through its subsidiary, Singapore VII Topco III, offloaded about 11,992,5641 shares at a price of Rs 410 per share, according to the data available with the exchanges. Shares of Sona BLW Precision Forgings were already under pressure for the past few days, reacting to reports of a block deal. Marquee investors like the government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance, and HDFC MF bought shares from Blackstone in the block deal. Blackstone has held about 34% stake in the company post the IPO, but it has pared stake in multiple tranches, bringing down the stake to 20.5%. With yesterday's sale, Blackstone has completely exited from thi...

Hello; Long term investers I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price. In my opinion, this presents an Good opportunity for long-term inv Hello; Long term investers I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price. In my opinion, this presents an Good opportunity for long-term inv NSE:SONACOMS after a long down trend it seems to be ready for reversal trend. It has just breakout its resistance level 480 and forming a double bottom pattern. Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trad NSE:SONACOMS after a long down trend it seems to be ready for reversal trend. It has just breakout its resistance level 480 and forming a double bottom pattern. Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trad On the #SONACOMS daily chart, there is a 5-point curveline as well as a double bottom (W) breakout. The reversal is also confirmed by the Nifty/SONACOMS ratio chart. I compared #SONACOMS vs. the #Nifty and its peers from 07/11/2022 and discovered that it has just started outperforming both the #Nift On...

Sona BLW Precision Forgings Ltd. operates as an automotive systems and components manufacturer. It offers differential assemblies, gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors, and motor control units. The company was founded on October 27, 1995 and is headquartered in Gurgaon, India. Hello Friends, checkout another trade of mine. Sonacoms. They are into forgings. Nice financials,dip in net profit caused the fall. I will watch the financials and start buying more in the 435-460 range. Hello Friends, checkout another trade of mine. Sonacoms. They are into forgings. Nice financials,dip in net profit caused the fall. I will watch the financials and start buying more in the 435-460 range. SONA BLW After fall from 840 to 400 The stock now seems to be prepared for a stronger upmove from here as the chart shows.. The fundamental of the company are somewhat okay but the shareholding changes in the recent years can't be ignored but to me chart is superior.. So buy above 480 TGT 62 SONA BLW After fall from 840 to 400 The stock now seems to be prepared for a stronger upmove from here as the chart shows.. The fundamental of the company are somewhat okay but the shareholding changes in the recent years can't be ignored but to me chart is superior.. So buy above 480 TGT 62 Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please co...

Sona Comstar posted a revenue of ₹657 crore in the September quarter, up 12% from the year earlier, including a 6% rise in revenue for its BEV business at ₹131 crore. Net profit rose 5% from a year earlier to ₹93 crore during the quarter. Earnings before interest, taxes, depreciation and amortization (Ebitda) stood at ₹166 crore, with an Ebitda margin of 25.2%. However, with a large footprint in Europe, which is facing an economic slowdown and, China, which is facing continued uncertainty due to covid, business for diversified auto parts makers such as Sona Comstar could suffer near-term headwinds. “Europe is our third-largest market and the macro headwinds there will impact our business in the short term. China is uncertain for the foreseeable future. However, our two largest markets, India and the US, are more than making up for the softer demand in Europe," said Vivek Vikram Singh, chief executive, Sona Comstar. “We are banking on the EV business, which is on an upward trajectory globally, and region-wise, we are a well-diversified company. So, the sales slowdown in one market will not alter our growth trajectory. Overall, I am optimistic that we will register stronger growth than the industry as we have been doing. While the industry growth has remained somewhat flat, our order book has grown," he said. Shares of Sona Comstar closed 1.12% lower on Friday at ₹462 apiece on Friday underperforming a flat Mumbai market. After more than doubling from its listing price of ₹3...

Sona Comstar, which was sold from June 14 to June 16, was subscribed 2.33 times, with the portion meant for qualified institutional buyers (QIBs) getting subscribed 3.54 times and that of retail individual investors (RIIs) by 1.61 times. The non-institutional investor quota remained undersubscribed at 40 per cent. The IPO comprised a fresh issue of shares amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,250 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc. Analysts mostly had 'subscribe with long term gains' rating on the issue as the asking valuations appeared rich. At the issue price, the scrip stood at 40 times of FY23 EPS that appeared expensive compared with other ancillary companies like Motherson Sumi's 22 times, Endurance technologies' 23 times, and Bharat Forge's 28 times. • 5,218.75 03:58 PM | 15 Jun 2023 209.75 (4.19%) 3,581.05 03:58 PM | 15 Jun 2023 95.10 (2.73%) 4,803.45 03:54 PM | 15 Jun 2023 104.45 (2.22%) 998.20 03:58 PM | 15 Jun 2023 19.50 (1.99%) • 2,843.05 03:59 PM | 15 Jun 2023 -88.55 (-3.02%) 1,297.10 03:57 PM | 15 Jun 2023 -26.15 (-1.98%) 388.95 03:59 PM | 15 Jun 2023 -7.50 (-1.89%) 566.50 03:59 PM | 15 Jun 2023 -10.05 (-1.74%)

A couple of days ago, I came across a report which mentioned how Reportedly, Indian auto ancillary companies have signed deals worth over Rs 63 billion (bn) in the last three months. This compares with last year's entire Rs 69.5 bn collection, where Indian auto sector witnessed mergers, acquisitions, and joint ventures. Amid all this, an auto ancillary firm with a solid focus on The company in question is Sona BLW Precision Forgings or Sona Comstar. In the past five days, the stock is down over 7%. In the past six months, the stock has fallen by 18%. Let's find out why. #1 Stake sale by Blackstone The recent decline in Sona Comstar share price is because of a block deal. Yesterday, on 13 March 2023, Blackstone sold its entire 20.5% stake in Sona BLW Precision Forgings for Rs 49.2 billion (bn) via a block deal. Blackstone, through its subsidiary, Singapore VII Topco III, offloaded about 11,992,5641 shares at a price of Rs 410 per share, according to the data available with the exchanges. Shares of Sona BLW Precision Forgings were already under pressure for the past few days, reacting to reports of a block deal. Marquee investors like the government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance, and HDFC MF bought shares from Blackstone in the block deal. Blackstone has held about 34% stake in the company post the IPO, but it has pared stake in multiple tranches, bringing down the stake to 20.5%. With yesterday's sale, Blackstone has completely exited from thi...

Hello; Long term investers I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price. In my opinion, this presents an Good opportunity for long-term inv Hello; Long term investers I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price. In my opinion, this presents an Good opportunity for long-term inv NSE:SONACOMS after a long down trend it seems to be ready for reversal trend. It has just breakout its resistance level 480 and forming a double bottom pattern. Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trad NSE:SONACOMS after a long down trend it seems to be ready for reversal trend. It has just breakout its resistance level 480 and forming a double bottom pattern. Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trad On the #SONACOMS daily chart, there is a 5-point curveline as well as a double bottom (W) breakout. The reversal is also confirmed by the Nifty/SONACOMS ratio chart. I compared #SONACOMS vs. the #Nifty and its peers from 07/11/2022 and discovered that it has just started outperforming both the #Nift On...

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