Sona BLW Advances In Trade After €40.5 Mn Acquisition | BQ Prime
Sona Comstar's Vivek Vikram Singh talks about the acquisition which will help strengthen ADAS capabilities.
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Share price of Sona BLW opened higher on January 10 on the acquisition of Serbian company Novelic, a sensor design and software applications firm. Analysts see the deal as a growth opportunity in autonomous driving, and expect an upside of 27-44 percent.
Sona BLW's Q2 revenue, Ebitda and Ebitda margin were ahead of Bloomberg consensus estimates. High structural growth visibility and ROEs should continue to drive premium valuations, said Nomura India.