Talbros Automotive Components soars on bagging new multi years order worth Rs 60 crore
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Talbros Automotive Components is currently trading at Rs. 493.00, up by 14.25 points or 2.98% from its previous closing of Rs. 478.75 on the BSE.
The scrip opened at Rs. 491.75 and has touched a high and low of Rs. 502.00 and Rs. 490.00 respectively. So far 262 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 654.90 on 18-Jan-2022 and a 52 week low of Rs. 355.00 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 477.05 respectively. The current market cap of the company is Rs. 591.05 crore.
The promoters holding in the company stood at 58.32%, while Institutions and Non-Institutions held 0.02% and 41.66% respectively.
Talbros Automotive Components has received a new multi years order worth Rs 60 crore in the heat shield business from a leading passenger vehicle (PV) OEM in India. This order is to be executed over a period of next 5 years. This order will help the company increase its domestic market share which will help it grow in the coming years. With this order, the company has added orders worth around Rs 880 crore during the current financial year across its business divisions, product segments and JVs.
Talbros Automotive Components, the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK.
