Dolly Khanna’s and Vijay Kedia’s portfolio multibagger stock announces its first-ever stock split; Dolly Khanna acquired an additional 7,500 shares!
The stock gave multibagger returns of 140 per cent returns in just 6 months, 270 per cent in 2 years and over 900 per cent in 3 years.
The Board of Directors of this multibagger company purpose of sub-division/split of existing equity shares of the company from 1 equity share having a face value of Rs 10 each fully paid-up, into 5 equity shares having a face value of Rs 2 each fully paid-up as of record date. The company fixed the record date for the stock split as Friday, October 27, 2023.
Dolly Khanna owns a total of 1,93,215 shares (She brought an additional 7,500 shares in the September quarter i.e., Q2FY24) and Vijay Kedia owns a total of 1,50,000 shares as of today.
The company has received significant orders across its various product lines, including EV body parts, forgings, heat shield products, and gaskets. These orders are worth over Rs 1,000 crores and reflect a significant boost for the company's growth and prospects. In particular, the order for EV body parts is a testament to the company's growing expertise in the EV space. The Indian government's target of 20 per cent ethanol blending in gasoline by 2025 is also likely to benefit the company. Overall, the news of these new orders is very positive for the company and its shareholders.
It is time to reveal the stock name which is creating the buzz: Talbros Automotive Components Ltd.
On Friday, shares of Talbros Automotive Components Ltd surged 2.46 per cent to Rs 1,072.70 per share from its previous closing of Rs 1,046.90. The shares of the company saw a spurt in volume by more than 3.94 times on BSE.
Talbros Automotive Components Ltd is a company based in India with a market cap of Rs 1,325 crore. The company manufactures gaskets, steering components, suspension stamping, rubber components, and forgings. The company reported positive results in its annual and quarterly financial statements.
The stock gave multibagger returns of 140 per cent returns in just 6 months, 270 per cent in 2 years and over 900 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.
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