SONACOMS trade ideas
SONA BLWSona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
closure above 473 on Daily chart will bring 500
Target 500 , 522 , 535 , 550 with SL @430
Market Cap
₹ 27,278 Cr.
Current Price
₹ 467
Stock P/E
78.1
Book Value
₹ 35.4
Dividend Yield
0.34 %
ROCE
21.5 %
ROE
20.6 %
Face Value
₹ 10.0
Promoter holding
53.6 %
EPS last year
₹ 6.05
EPS latest quarter
₹ 1.42
Debt
₹ 251 Cr.
Pledged percentage
0.00 %
Net CF
₹ 15.3 Cr.
Price to Cash Flow
69.0
Free Cash Flow
₹ 56.0 Cr.
Debt to equity
0.12
Volume
1,035,531
OPM last year
25.8 %
OPM 5Year
27.0 %
Reserves
₹ 1,481 Cr.
Price to book value
13.2
Int Coverage
32.5
PEG Ratio
1.55
Sona BLW near breakoutSona BLW is near breakout.
Entry: above trendline
Stop loss: if breakout fail
Target : As per your Risk & Reward
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
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SONACOMS Trend AnalysisSona BLW is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs,
and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India.
Sona Comstar has 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles,
5% in Differential Bevel Gear, and 3% market share in Starter Motor.
Company has 9 manufacturing and assembly facilities - 6 in India and 3 facilities in China, USA and Mexico.
Also, company has 8 warehouses across India, USA, Germany and Belgium.
Company has started a 7-year collaboration with IRP Nexus Group (Israel) on 30th September 2021 to develop,
manufacture and supply magnet-less drive motor and matching controller for 2-wheelers and 3-wheelers,
using a environment friendly approach that does not use rare earth elements.
Technically bearish trend will continue as there is a strong hidden bearish divergence in RSI.
Best levels to accumulate is around 410-430 for the following targets:
Short term swing target @ 580 (38% ROI with 4 R:R)
Medium term swing target @ 715 (70% ROI with 7.38 R:R)
Long term positional target @ 1175 (180% ROI with 18.88 R:R)
Stop loss @ 380
Strong fundamentals while PE is at steeper side as one can expect for fast growing companies.
Further fall in price with rise in EPS can keep the forward PE around 60.
Estimated capex for next three years is 900-1000 crores based on the order book.
Do your own due diligence before taking any action.
Peace!!
Sona blw pre. price chartIn this share below 626 bears activity zone upto 547, above 684 bulls can be active upto 712 ,798,885 ,short cum med term target @ 885 this is not final vedict on share price, due to some unforeseen events target could not be achieved also. one should keep in mind down side support @ 547.views are for education purpose.
SONACOMSNSE:SONACOMS
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such actio
SONACOMS ANALYSISHi , currently stock is in ABC correction which can be correct till FIB extension ratio 1% ie is Rs 637 ,if extended it can go upto Rs 588/- which is strong support, Here we need to wait for bullish price action to go long ..which can be new impulse .. I am not SEBI registered Analyst, do consult your advisor before taking any position .
SONACOMSNSE:SONACOMS
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action