Vijay Kedia's and Dolly Khanna's portfolio multibagger stock; Board announced stock split of shares for the first time ever!
The stock gave multibagger returns of 170 per cent returns in just 6 months and over 840 per cent in 3 years.
Talbros Automotive Components Ltd informed that the Board of Directors of the company purposed 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.
On Thursday, one of the Top Gainers on BSE, shares of Talbros Automotive Components Ltd surged 3.13 per cent to Rs 1,036.65 per share from its previous closing of Rs 1,005.12. The shares of the company saw a spurt in volume by more than 2.59 times on BSE.
Additionally, the company received significant orders across various product lines, including Electric Vehicles (EV) Body in White - Stamped Metal Parts worth over Rs 165 crore, expected to begin production in FY25 through their Joint Venture - Marelli Talbros Chassis Systems Pvt. Ltd. Additionally, they secured orders for Forgings products from export customers, amounting to over Rs 50 crore over 5 years.
Moreover, orders worth Rs 65 crore for heat shield products were obtained from domestic OEMs, showcasing new heat shield technologies. Lastly, gasket products received orders worth Rs 120 crore from both domestic and export OEM customers, with a substantial Rs 40 crore order specifically for EVs from a leading overseas OEM. These orders reflect a significant boost for the company's growth and future prospects.
The Indian government has set a target of achieving 20 per cent ethanol blending in gasoline by 2025, which will be known as E20. Including the aforementioned order, the company has successfully added orders worth over Rs 1,000 crores across its various business divisions, product segments, and JVs during the current fiscal year.
Talbros Automotive Components Ltd is a company based in India with a market cap of Rs 1,285 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.
Vijay Kedia and Dolly Khanna, two renowned investors, have stakes in the company, with ownership of 1.22 per cent and 1.50 per cent respectively.
The stock gave multibagger returns of 170 per cent returns in just 6 months and over 840 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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