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#AngelOne Recommendation Company: Sona Blw Precision Forgings | Angel One

#AngelOne Recommendation
Company: Sona Blw Precision Forgings Ltd.
Rating: Buy
Target price:   843

Rationale to invest:

Sona BLW  is one of India’s leading automotive technology companies that derives 40% of its revenues from Battery Electric Vehicles (BEV) and Hybrid Vehicles.

This global BEV segment has been growing fast and is expected to maintain high growth rates which are positive for Sona BLW.

The company’s capabilities have enabled them to gain market share across its products especially for products related to EV/BEV.