Sona BLW Stock Jumps 4% Following BoFA's 'Buy' Upgrade on Growth Engines

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Sona BLW Shares Soar 4% as BoFA Upgrades to 'Buy' on Strong Growth Outlook

Sona BLW Precision Forgings: The US accounts for over 40% of Sona BLW’s total revenue, making it one of the most exposed Indian auto ancillaries to the American market. Any reduction in tariffs directly improves cost efficiency and pricing competitiveness, making the trade deal a positive for earnings visibility.

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CNBC TV18•11-03-2026, 09:27

Sona BLW Shares Soar 4% as BoFA Upgrades to 'Buy' on Strong Growth Outlook

•Sona BLW shares jumped 4% after BoFA Securities upgraded its rating to 'buy' on Wednesday, March 11.
•BoFA raised the price target to ₹640 from ₹600, projecting a 25% upside potential.
•Three key growth engines identified: electric 2W/3W traction motors, Driveline business, and the new Railways segment.
•BoFA expects 20% revenue CAGR and 23% EPS CAGR for Sona BLW over FY26-28.
•15 out of 19 analysts covering Sona BLW currently recommend a 'buy' rating.

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