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Sona BLW Gets Target Price Cut From Citi But Long-Term Outlook Positive
The long-term growth potential for Sona BLW remain solid, despite the current challenges, Citi said.
18 Mar 2025, 08:04 AM IST 
Beyond the sheer volume of its order book, Sona's diversification efforts also stand out, Citi said. (Image Source: Sona BLW Precision Forgings/Facebook)
Citi Research on Tuesday cut the target price for Sona BLW Precision Forgings Ltd. from Rs 630 to Rs 570 citing potential risks, like lower global demand and possible delays in existing orders.However, the brokerage has maintained its 'buy' rating emphasising the strength of its order book and diversification. The long-term growth potential remains solid, despite the current challenges, it said in its report.Near-term uncertainty rem...
