The northward move in the Talbros Automotive Components share came on the back of an order win worth Rs 475 crore
These orders will help the company increase its share domestically and in the export market in the coming years
The company said its board will meet on August 8, 2023 to consider sub-division/splitting its existing equity shares
In the past two months, the stock of auto components & equipment company has zoomed 64 per cent
Since July, most of the auto ancillary stocks have geared up with a resolute strength and continue to rally smartly seeking higher ground.
According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.
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Vijay Kedia acquired 2.27 per cent stake, while Sanjay Dugar bought 1.09 per cent stake in Talbros Automotive in the December quarter
Talbros Automotive Components rallied 8 per cent to hit a new high of Rs 442 on Tuesday
On Tuesday, November 30, 2021, Vijay Kishanlal Kedia purchased 205,524 shares, representing 1.66 per cent stake in Talbros Automotive, via bulk deals on the NSE
Auto component maker Talbros Automotive on Tuesday reported a multifold rise in consolidated profit to Rs 12.7 crore for the March 2021 quarter, backed by product mix and higher capacity utilisation.
The stock soared 19% to Rs 245, also its record high on the BSE.