Introduction:
Leading global mobility technology provider has signed an MOU with Ubifly Technologies to develop powertrains for eVTOL aircraft and drones. The collaboration will advance India’s Urban Air Mobility sector, focusing on motors, gearboxes, inverters, and Made-in-India solutions.
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Share price movement of Sona BLW Precision:
On January 30, 2025, Sona BLW Precision Forgings Ltd opened at ₹516.45, up 2.73% from its previous close of ₹502.75. The stock reached a high of ₹517.55 (2.94%) and a low of ₹503.10. By 11:21 AM, it traded at ₹507.60, a 0.96% increase, with a market cap of ₹31,575.37 crore.
Sona Comstar Partners with ePlane Co:
Sona BLW Precision Forgings Ltd. (Sona Comstar) has signed an MOU with Ubifly Technologies (The ePlane Co.) to collaborate on developing powertrains for electric Vertical Take-Off and Landing (eVTOL) aircraft and drones, including gearboxes, motors, and inverters.
The partnership will contribute to India’s growing Urban Air Mobility space, with The ePlane Co. leading eVTOL development for air ambulances, charter flights, and aerial cargo. Their recent DGCA type approval positions them at the forefront of this emerging industry.
Sona Comstar, a global leader in mobility technology, brings expertise in electric powertrains, focusing on motor, inverter, and gearbox solutions. This collaboration marks a significant step toward delivering Made-in-India products for eVTOLs and drones, strengthening both companies’ positions in the market.
Recent news on Sona BLW Precision:
As of January 23, 2025, Sona BLW Precision Forgings Ltd. reported a 13.8% YoY increase in net profit to ₹151 crore for Q3 FY25. Revenue grew 11% to ₹868 crore, while EBITDA rose 0.7%, although margins slightly declined.
Stock performance of Sona BLW Precision for Period of 1 week, 6 months and 1 year:
Sona BLW Precision Forgings Ltd. has seen a 7.44% decline over the past week and a significant 27.1% drop over the past six months. Over the past year, the stock has fallen 18.8%, reflecting ongoing challenges in its performance.
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Shareholding pattern of Sona BLW Precision:
All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 28.00% | 28% | 29.70% |
FII | 33.30% | 33.60% | 32.00% |
DII | 31.20% | 31.00% | 29.50% |
Public | 7.60% | 7.40% | 8.80% |
About Sona BLW Precision:
Sona BLW Precision Forgings Ltd. (NSE: SONACOMS), founded in 1995, is a global leader in automotive technology, specializing in precision forging and critical automotive systems. It supplies the growing electric vehicle market, with operations across India, USA, Mexico, and China.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.