Shares of Sona BLW Precision Forgings Ltd fell as much as 1.9% on Tuesday, trading at ₹514.35 as of 9:21 AM IST, down ₹7.00 from the previous close of ₹521.35. The decline follows a downgrade from brokerage firm Bernstein, which revised its rating on the stock to ‘Market Perform’ from ‘Outperform’.
The downgrade comes amid growing near-term risks that Bernstein highlighted, including tensions between U.S. President Donald Trump and tech billionaire Elon Musk, as well as ongoing trade issues between the U.S. and India. The brokerage also expressed concerns about the increasing competitiveness of Chinese OEMs in the global electric vehicle (EV) supply chain.
Bernstein noted that Sona BLW has significant exposure to the U.S. market and a large portion of its order book is concentrated in EV components, making it vulnerable to geopolitical disruptions and sectoral headwinds.
The stock’s recent pressure comes despite its strong year-range performance between ₹380 and ₹768.65, with a market cap of ₹318.23 billion and a P/E ratio of 51.67.
Sona BLW remains a key player in the EV component space, but analysts now suggest a cautious outlook amid global macro uncertainties.
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