23/4/2025, 2:55:03 pm

Sona BLW shares surges 6%

Shares of Sona BLW Ltd. rose 6% after Tesla, its key client, reported that Model Y production had returned to earlier levels. This recovery is crucial as Model Y contributes significantly to Tesla's output, which had previously declined. Sona BLW derives 18-20% of its revenue from Tesla, and Investec maintains a "buy" rating with a target of ₹590.