Sona BLW Precision Forgings is currently trading at Rs. 503.85, up by 1.10 points or 0.22% from its previous closing of Rs. 502.75 on the BSE.
The scrip opened at Rs. 516.45 and has touched a high and low of Rs. 517.55 and Rs. 503.10 respectively. So far 24954 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.80 on 23-Sep-2024 and a 52 week low of Rs. 494.00 on 29-Jan-2025.
Last one week high and low of the scrip stood at Rs. 547.15 and Rs. 494.00 respectively. The current market cap of the company is Rs. 31822.63 crore.
The promoters holding in the company stood at 28.03%, while Institutions and Non-Institutions held 64.40% and 7.57% respectively.
Sona BLW Precision Forgings (Sona Comstar) has signed a memorandum of understanding (MoU) with Ubifly Technologies (The ePlane Company) at Chennai. The MoU will enable Sona Comstar and The ePlane Company to cooperate in the areas of eVTOLs and Drones. The companies will collaborate on the development of powertrains for eVTOLs and Drones, including gearboxes, motors, inverters, and related components and systems.
The Urban Air Mobility Space in India is poised to launch several eVTOLs in the coming years. The ePlane Company is a pioneer in the field of eVTOLs with several uses cases including Air Ambulances, Charter Flights and Aerial Cargo. Their recent type approval from DGCA puts them in the forfront of indigenous private companies.
Sona Comstar is a global leader in mobility space with a strong focus on EPIC technologies and proven capabilities in electric powertrain including Motor, Inverter and Gearbox. This MoU will strengthen the partnership between the two companies and pave the way for deeper engagement in the upcoming eVTOL and Drone programs, and deliver truly Made in India products.
Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
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