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Talbros Automotive jumps after stellar Q2 result

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Capital Market

Talbros Automotive Components surged 8.69% to Rs 224 at 09:41 IST on BSE after consolidated net profit surged 129.8% to Rs 6.94 crore on 25.98% rise in net sales to Rs 100.80 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 21 November 2017.

Meanwhile, the S&P BSE Sensex was up 88.96 points, or 0.27% at 33,567.31. The S&P BSE Small-Cap index was up 62.24 points, or 0.35% at 17,875.31.

On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 6,759 shares in the past one quarter. The stock had hit a high of Rs 232 and a low of Rs 222.20 so far during the day. The stock had hit a record high of Rs 235 on 22 September 2017. The stock had hit a 52-week low of Rs 116.20 on 22 November 2016.

 

The small-cap company has equity capital of Rs 12.35 crore. Face value per share is Rs 10.

Talbros Automotive Components is engaged in the manufacturing of gaskets and forgings.

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First Published: Nov 22 2017 | 9:48 AM IST

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