Sona BLW surges 18% on strong Q1 results, healthy order book position

In Q1FY22, Ebitda margin improved to 27.7 per cent from 19 per cent in Q1FY21 due to better product mix and operating leverage

Shares of the recently listed auto parts and equipment company Sona BLW Precision Forgings (Sona Comstar) surged 18 per cent to Rs 484.20 on the BSE in intra-day trade on Monday after the company reported a strong set of numbers for the quarter ended June 2021 (Q1FY22).

Sona Comstar is a leading automotive technology company providing mission-critical systems and components for electrified and non-electrified powertrain segments. The company had made its market debut on June 24, 2021. The stock was trading at the highest level since its listing. With today’s surge, it has zoomed 66 per cent over its issue price