The share price of Sona BLW Precision is subject to the stake sale of Blackstone. Its value has been further influenced by the economic slowdown in China, resulting from lockdowns imposed to mitigate the spread of COVID-19.
The current market price of the company is around Rs. 518. The stock price has increased by over 23% in the past one month. According to JM Financial, the stock is expected to reach the target price of Rs. 665 within 12 months. The company's financials suggest a promising long-term investment with significant growth potential, with the stock price expected to surge in the short term.
Sona BLW Precision Forgings Limited held a meeting on May 3, 2023, wherein the board of directors of the company announced a final dividend of Rs. 1.53 per equity share with a face value of Rs. 10. On June 30, 2023, the record date, the company will assess the eligibility of its shareholders for the final dividend payment.
Sona BLW Precision Limited typically pays out dividends twice a year, consisting of an interim dividend and a final dividend. In the current financial year 2022-2023, the company has declared a dividend of 0.77 per share twice.
Sona BLW Precision Forgings Limited has yet to issue any bonus shares.