This auto ancillary stock owned by Vijay Kedia and Dolly Khanna rallied 8 per cent on December 2
The stock has rallied more than 25 per cent on a year-to-date (YTD) basis and is showing some positive traction
On Friday, shares of Talbros Automotive Components zoomed over 8 per cent to reach Rs 501, from its previous closing level of Rs 462.65. The scrip witnessed a massive spurt in volume by more than 2.86 times.
The company released an update on the exchange stating they have received multi-year orders worth Rs 420 crore, which includes an EV order for Rs 160 crore from a leading domestic OEM. The orders received are from both domestic and overseas customers across its business divisions, product segments and JVs.
As per the company’s shareholding pattern for July to September 2022 quarter, market magnet Vijay Kedia holds around 2.80 lakh shares or 2.27 per cent stake in the company, while ace investor Dolly Khanna holds close to 1.5 lakh shares or 1.22 per cent stake in the company.
Talbros Automotive Components Limited, established in the year 1986, stands proud and tall as a mother brand of gaskets, chassis, rubber products and forgings in India. Talbros Group’s portfolio also includes a Mercedes Benz dealership for passenger cars. A few of the marquee customers include Bajaj Auto, Volvo, Ashok Leyland, Hero MotoCorp, Honda, Hyundai, John Deere, Mahindra & Mahindra, Maruti Suzuki, Tata Motors and many more.
The stock has rallied more than 25 per cent on a year-to-date (YTD) basis and is showing some positive traction. Keep a close eye on this auto-ancillary stock.