Shares of Sona BLW Precision Forgings Ltd. (Sona Comstar) plunged almost 8% in Friday’s trading session following the sudden demise of Chairman Sunjay Kapur in England.
🔴 Key Highlights:
- Stock hit an intraday low of ₹471.55, reflecting investor concerns over leadership transition.
- Kapur, 53, reportedly suffered a heart attack during a polo match, leading to his untimely passing.
- Sona Comstar assured stakeholders that operations remain stable, despite the leadership change.
- The company’s market capitalization now stands at ₹31,272.41 crore, with shares down 16% year-to-date.
- Kapur played a pivotal role in expanding Sona Comstar’s footprint, particularly in the EV-focused auto components sector.
📢 Official Statement from Sona Comstar:
“Sunjay was a visionary leader whose guidance shaped Sona Comstar’s success. His values and commitment to excellence have left a lasting legacy.”
⚠️ Strategic Impact:
- Investor sentiment remains cautious, with analysts monitoring the company’s next leadership moves.
- Sona Comstar’s long-term outlook remains unchanged, as the firm continues its global expansion in EV technology.
👉 What do you think? Will Sona Comstar maintain stability despite this leadership transition? Drop your thoughts in the comments!
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