From its lows this month, the stock of Sona BLW Precision Forgings is up 10 per cent on better-than-expected results.
The stock rose by 4 per cent in the trading session on Tuesday after Japan's Nikkei Group said the Indian automotive component major has topped its rankings in terms of competitive advantage.
The rankings are based on sales, profit margin, capital expenditure, research and development, and market capitalisation.
The nea -term trigger for the stock is the better than-expected operating performance in the October December quarter of 2023-24 and the trend of strong order wins, with a majority of them in the electric vehicle (EV) space.
The company reported consolidated revenue of 780 crore, a 13 per cent year-on year (Y-o-Y) increase on the back of new order execution.
However, its performance on a sequential basis was impacted by the United Auto Workers union strike in the US. The strike in October last year had an impact of 25 crore, and the impact is expected to partially reverse in the January-March quarter.
هذه القصة مأخوذة من طبعة February 21, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 21, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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