Sona BLW Precision Forgings posts Q3 results; Should you buy, sell, or hold?

Sona BLW reported a 24% year-on-year (YoY) rise in net profit at Rs 133.6 crore for the third quarter as compared to Rs 107.1 crore.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) jumped almost 32% to Rs 232.5 crore in the third quarter of this fiscal over Rs 176.5 crore in the corresponding period of the previous fiscal.

The company announced an interim dividend of Rs. 1.53 per share.

Here's how brokerages view Sona BLW post Q3:

It raised the target price to Rs 642 from Rs 578.

CLSA maintained an 'outperform' rating

Raised the target to Rs 505 from Rs 475.

JPMorgan maintained a 'neutral' rating

Citi maintained a 'buy' rating

Cut the target price to Rs 665 from Rs 670.

Jefferies maintained a 'buy' call

The brokerage gave a target of Rs 750.

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