Sona BLW is an auto component supplier of differential gears and trades at a premium valuation compared with global peers. “The greater premium leaves a low margin of safety for the stock with a downside risk,” it said.
Any relief rally in markets likely limited and temporary: David Roche
Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation