Shares of Sona BLW Precision Forgings Ltd surged 6% after CNBC-TV18 reported that the company is entering into a strategic partnership with Chinese EV giant BYD. As of 11:52 AM, the shares were trading 4.60% higher at Rs 476.00.
As per the report, Sona BLW is set to supply critical parts to BYD and is also planning to set up a manufacturing plant in China.
This potential deal, if finalized, could significantly strengthen Sona BLW’s global EV portfolio and open doors to deeper integration with one of the world’s largest electric vehicle manufacturers. Investors reacted positively, pushing the stock higher on hopes of long-term growth and expansion in the Chinese market.
Sona BLW shares opened at ₹455.30 and, at the time of writing, hit a high of ₹483.80 during the day, while the low stayed at ₹455.30. The stock has a 52-week high of ₹768.65 and a 52-week low of ₹380.00.
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