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Sona BLW Precision Forgings Ltd Eases for Fifth Straight Session

On National Stock Exchange (NSE), Sona BLW Precision Forgings Ltd, a small-cap company, is quoting at Rs 455.6, down 0.85 per cent. Sona BLW Precision Forgings Limited is engaged in the manufacturing of precision forged bevel gears and differential case assemblies for automotive and other applications. The stock jumped 25.69 per cent in 2021 as compared to a 0.87 per cent rally in NIFTY and a 13.24 per cent spurt in the Nifty Bank index.

On Wednesday, Sona BLW Precision Forgings Ltd plunged for a fifth session. The benchmark NIFTY is down around 0.16 per cent on the day. The Sensex is at 61089.67, down 0.16 per cent. Sona BLW Precision Forgings Ltd lost around 2.08 per cent in October. 

Meanwhile, the Nifty Bank index has grown around 5.53 per cent in October and is recently down 0.36 per cent. On 9 November 2022, the volume in the stock remained at 6.01 lakh shares compared to the daily average of 8.27 lakh shares in October.

At the end of September 2022, the private equity of the stock is 76.99 based on TTM earnings.

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