Sona BLW hits new high; stock up 96% over issue price on healthy outlook

The stock has soared 20% in nine days after media report suggested that US electric vehicle maker Tesla is in talk with at least three Indian suppliers as part of its plan to enter the Indian market

Shares of Sona BLW Precision Forgings (Sona Comstar) hit a new high of Rs 570.75 after they rallied 5 per cent on the BSE in the intra-day trade on Thursday on healthy outlook. The stock of the auto parts & equipment company was trading at its highest level since its listing on June 24, 2021.

Sona Comstar had made a strong debut on the bourses when the stock had ended at Rs 362.85 -- a 25 per cent premium against its issue price of Rs 291 per share on the BSE on the listing day. Currently, the market price