New Delhi, June 13 -- Shares of Sona BLW Precision Forgings Ltd (Sona Comstar) plunged nearly 8 percent in intra-day trade on Friday after the company announced the demise of its Chairman and Non-Executive Director, Sunjay Kapur. The stock touched a low of Rs.500.45 during the session, reacting to the sudden development that cast a temporary shadow on investor sentiment.

In a filing to the stock exchanges, the company confirmed that Kapur passed away in England, United Kingdom. "Sunjay was a visionary leader and a compassionate person whose guidance shaped Sona Comstar's success. His values and dedication to excellence have left a lasting legacy," the company said. It also assured stakeholders that operations, growth prospects, and leade...