NSE: SONACOMS · 6 October 2026
- Sona Blw Precision Forgings Limited (SONACOMS) shares advanced 2.89% on Tuesday, trading near the upper end of the day's range. The stock opened at Rs. 799.60, touched a high of Rs. 821.25, and a low of Rs. 793.80 before settling at Rs. 820.00 compared to its previous close of Rs. 797.00.
- Sona Blw Precision Forgings announced that it has mutually agreed with Seeyel Renewables Private Limited and CSE Development (India) Private Limited to terminate the Power Purchase Agreement, Share Subscription Agreement, and Shareholders' Agreement for the captive solar power plant project in Chennai. The parties decided to call off the project effective September 25, 2026, as power requirements materially changed following strategic reviews and conditions precedent were not met within stipulated timelines. The company clarified that this termination carries no adverse financial or operational impact and involves no termination payments or penalties.
- Trading volume was 0.75 times the 20-day average daily volume.
Why is Sona Blw Precision Frgs L share price rising on 6 October 2026?
Sona Blw Precision Forgings Limited (SONACOMS) shares advanced 2.89% on Tuesday, trading near the upper end of the day's range. The stock opened at Rs. 799.60, touched a high of Rs. 821.25, and a low of Rs. 793.80 before settling at Rs. 820.00 compared to its previous close of Rs. 797.00.
The broader market demonstrated positive momentum, with the benchmark Nifty gaining 0.98% during the session. Sona Blw Precision Forgings outperformed the broader market trend, reflecting stronger buying interest in the auto component space despite the lack of heavy participation in terms of absolute turnover.
On the corporate development front, the company announced the mutual termination of its captive solar power plant project in Chennai with Seeyel Renewables Private Limited and CSE Development (India) Private Limited, effective September 25, 2026. Furthermore, the company submitted its scrutinizer's report for a postal ballot confirming that shareholders approved the material related party transaction regarding the slump sale of its electric vehicle business to its wholly owned subsidiary, Sona Comstar eDrive Private Limited. While these disclosures provided operational context, there is no direct evidence confirming them as the sole trigger for today's price action.
16.65 lakh shares traded by 6 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 22.15 lakh shares (0.75 times). The five-day average daily volume was 25.17 lakh shares. Separately, the NSE report for 5 October 2026 showed 9.10 lakh shares delivered, representing 44.39% of that day’s traded volume. The same report recorded 52,308 trades.
The stock gained 2.89% alongside a positive broader market, supported by ongoing operational disclosures regarding corporate restructuring and project terminations. However, since volume remained below the 20-day average, the move appears driven by general market participation and stock-specific positioning rather than a single immediate catalyst.
Latest Company Developments
Sona Blw Precision Forgings announced that it has mutually agreed with Seeyel Renewables Private Limited and CSE Development (India) Private Limited to terminate the Power Purchase Agreement, Share Subscription Agreement, and Shareholders' Agreement for the captive solar power plant project in Chennai. The parties decided to call off the project effective September 25, 2026, as power requirements materially changed following strategic reviews and conditions precedent were not met within stipulated timelines. The company clarified that this termination carries no adverse financial or operational impact and involves no termination payments or penalties.
It updates investors on the realignment of the company's energy procurement and manufacturing footprint without financial liability.
The company submitted the scrutinizer's report for its postal ballot conducted between September 4, 2026, and October 3, 2026. Shareholders approved an ordinary resolution to ratify and approve material related party transactions with its wholly owned subsidiary, Sona Comstar eDrive Private Limited, concerning the transfer of the Electric Vehicles Business via a slump sale for a total consideration of INR 8,932 million.
It formalizes the internal restructuring of the electric vehicle components business into a dedicated subsidiary.
a revised press release dated July 23, 2026, titled "Press Release on Q1 financial results".
Outcome of Board Meeting held on July 22, 2026 and Intimation under Reg 30 of SEBI LODR Regulations.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 36.68% on 30 June 2026. This compares with 35.10% on 31 March 2026, a change of +1.58 percentage points.
The filing reported 35 MF/UTI holders.
What to Watch Next
- Execution progress regarding the slump sale and transfer of the EV business to Sona Comstar eDrive Private Limited
- Developments concerning alternative energy procurement following the termination of the Chennai solar project
- Volume trends relative to the 20-day average of 0.75x to gauge institutional participation
- Delivery percentage stability around the recent 44.39% level
Other Dated Coverage
- Why Sona Comstar Shares Fell 3.01% Today | 1 October 2026 — 1 October 2026
- Why Sona Blw Precision Frgs L Share Price Is Rising Today | 29 September 2026 — 29 September 2026
More Sona Blw Precision Frgs L news and dated analysis →
Frequently Asked Questions
What is the latest Sona Blw Precision Frgs L company news?
Sona Blw Precision Forgings announced that it has mutually agreed with Seeyel Renewables Private Limited and CSE Development (India) Private Limited to terminate the Power Purchase Agreement, Share Subscription Agreement, and Shareholders' Agreement for the captive solar power plant project in Chennai. The parties decided to call off the project effective September 25, 2026, as power requirements materially changed following strategic reviews and conditions precedent were not met within stipulated timelines. The company clarified that this termination carries no adverse financial or operational impact and involves no termination payments or penalties.
How strong was Sona Blw Precision Frgs L’s trading volume?
16.65 lakh shares traded, 0.75 times the 20-day average daily volume. The price and volume data are dated 6 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Article by: WittyTrades Research Desk
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.