Shares of Sona BLW Precision Forgings gained as much as 1.5 percent to Rs 450 in morning trade on August 5 after the company reported a 12.2 percent decline in net profit to Rs 124.7 crore in the first quarter of the current fiscal year.The company reported that its total revenue from operations reduced 4.2 percent at Rs 854 crore in the quarter under review from Rs 893 crore in the year-ago perio...

Shares of Sona BLW Precision Forgings Ltd (Sona Comstar) were off to a solid start on the bourses, rising 3 percent to Rs 650 on October 22 after the company announced it has inaugurated a new plant in Manesar, Haryana, dedicated to its driveline business.The facility, located in the Industrial Estate at IMT Manesar, is the company's second plant in the region, and production began on the same day...

MUMBAI: The initial public offering (IPO) of Sona BLW Precision Ltd, or Sona Comstar, an automotive component manufacturer, backed by private equity firm Blackstone Group, will open on 14 June. Price band for the issue has been fixed at Rs285-291 per share. The issue will close on 16 June.The firm will raise Rs5,550 via IPO. It consists f a fresh issue of Rs300 crore and an offer for sale of Rs5,2...

With a shift in the global supply chain amid the pandemic and companies looking beyond China for sourcing, auto component firm Birla Precision Technologies Ltd is ramping up its capacity to tap emerging opportunities in India, according to a top company official. To start with, the company plans to invest up to Rs 30 crore in the next one year to ramp up its drill manufacturing capacity under its ...