Vijay Kedia gains Rs 3,52,12,500 & Dolly Khanna gains Rs 4,53,57,221 from this multibagger stock in just 1 day; Company receives multi-year orders worth Rs 580 crore!

The stock gave multibagger returns of 175 per cent returns in just 6 months, 400 per cent in 2 years and a whopping 800 per cent in 3 years.

Indian stock markets declined on Monday, with the two main indices, the BSE Sensex and NSE Nifty-50, down 0.21 per cent and 0.19 per cent, respectively.

Though the stock market was in the red, shares of this multibagger auto company were locked in a 20 per cent upper circuit to Rs 281.85 per share from its previous closing of Rs 234.90. The stock traded at a new 52-week high of Rs 281.85 per share with a spurt in volume by more than 10 times on BSE.

The multibagger Small-Cap stock is TALBROS AUTOMOTIVE COMPONENTS LTD.

The sudden rise in the stock price was mainly due to having received new multi-year orders worth Rs 580 crore from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of the next 5 years commencing from FY25 onwards covering the company's product lines – gaskets, heat shields, forgings, chassis and rubber hoses. Here are the details:

1) Orders received from a leading export OEM for electric vehicles (EV) for products such as EDS brackets, trans cradle brackets, mid-metal shields, S3 pack and battery stampings for Rs 270 crore over 5 years. This order is through the Joint Venture -Marelli Talbros Chassis Systems Pvt Ltd.

2) Received orders for forgings products for applications such as transmission, engines, driveline and off-highway for Rs 120 crore over 5 years.

3) Received orders worth Rs 75 crore for over 5 years for the heat shield products from multiple domestic OEMs. These orders span across new technologies in the heatshield space.

4) Received orders worth Rs 40 crore for over 5 years for the gasket products from both domestic and export OEM customers.

5) Received order of Rs 75 crore over 5 years for a leading domestic OEM for products such as muffler hanger, damper front and hose canister air suction. This is through our Joint Venture - Talbros Marugo Rubber.

Earlier, the board of directors of this multibagger company approved a stock split, subdividing each existing equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The stock split ex-traded on Friday, October 27, 2023.

After the stock split, Dolly Khanna owns a total of 9,66,075 shares or 1.57 per cent stake and Vijay Kedia owns a total of 7,50,000 shares or 1.22 per cent stake in the company. In just 1 day, Vijay Kedia gains Rs 3,52,12,500 & Dolly Khanna gains Rs 4,53,57,221 from this multibagger stock.

Talbros Automotive Components Ltd is a company based in India with a market cap of Rs 1,740 crore. The company manufactures gaskets, steering components, suspension stamping, rubber components, and forgings. The company reported excellent numbers in its Quarterly Results, half-yearly results and annual results.

The stock gave multibagger returns of 175 per cent returns in just 6 months, 400 per cent in 2 years and a whopping 800 per cent in 3 years. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.