{"id":112652,"date":"2023-10-26T14:00:41","date_gmt":"2023-10-26T08:30:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112652"},"modified":"2023-10-26T14:00:47","modified_gmt":"2023-10-26T08:30:47","slug":"auto-ancillary-stock-jumps-more-than-5-after-it-reports-robust-growth-analysts-raise-target-to-700","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-more-than-5-after-it-reports-robust-growth-analysts-raise-target-to-700\/","title":{"rendered":"Auto ancillary stock jumps more than 5% after it reports robust growth; Analysts raise target to \u20b9 700"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3097891552\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This auto ancillary stock is up by 5.63 percent after the company reported 34 percent growth in profit and 20 percent growth in revenue. The company has a market capitalization of Rs. 30,069 crores.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3887289627\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 01:10, 26th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SONACOMS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sona Blw Precision Forgings Ltd<\/a><\/strong> were trading at Rs. 541.55, up by 5.63 percent from previous closing price of Rs. 512.75.\u00a0<\/p><p>Such bullish stock price movements were observed after the company reported results for Q2FY24 in which revenue grew by 20 percent to Rs. 791 crores, profit after tax (PAT) increased by 34 percent to Rs. 124 crores compared to the same quarter of previous financial year.&nbsp;<\/p><p>Moreover, the company&#8217;s revenue share from battery electric vehicles is now at 27 percent, 58 percent growth YOY. The company has a net order book of Rs. 22,100 crores in which EV programs contribute 78 percent as of September 30, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3076395199\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Jefferies group, an American multinational independent investment bank and financial services company has maintained a buy target for Sona Blw Precision Forgings Ltd has given target price of Rs. 700 per share.\u00a0<\/strong><\/p><p>Looking at the profitability ratios, Sona Blw Precision Forgings Ltd has an average ROE(3 years) of 18.95 percent and average ROCE (3 years) of 22.98 percent.&nbsp;<\/p><p>Sona BLW Precision Forgings Limited is an India-based company, which is engaged in the manufacturing of precision forged bevel gears and differential case assemblies for automotive and other applications.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni<\/strong><strong>&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3056395581\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This auto ancillary stock is up by 5.63 percent after the company reported 34 percent growth in profit and 20 percent growth in revenue. The company has a market capitalization of Rs. 30,069 crores.\u00a0 At 01:10, 26th October shares of Sona Blw Precision Forgings Ltd were trading at Rs. 541.55, up by 5.63 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11426,13677,11364,948,936],"class_list":["post-112652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sona-blw-precision-forgings-latest-news","tag-sona-blw-precision-forgings-q2-results-2023","tag-sona-blw-precision-forgings-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto ancillary stock jumps more than 5% after it reports robust growth; Analysts raise target to \u20b9 700 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This auto ancillary stock is up by 5.63 percent after the company reported 34 percent growth in profit and 20 percent growth in revenue. 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