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The Economic Times
The Economic Times
Business
Gaurav Kumar

HDFC Securities initiates coverage on Sona BLW with 'Add'; sees upside on EV-led growth

HDFC Securities Sona BLW India United States

HDFC Securities has initiated coverage on Sona BLW Precision Forgings with an 'Add' rating and a target price of Rs 845, implying an upside of 7.36% from Thursday's closing price of Rs 787.

The brokerage believes that the company's R&D capabilities, engineering expertise and differentiated product portfolio position it well to benefit from the shift towards electric mobility.

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