Talbros Automotive Components shares up 165% in 2021, 42% in 1 month, Auto News, ET Auto

The market capitalization of the auto component maker is worth Rs 490 crore.

New Delhi:

Shares of Talbros Automotive Components have seen a sharp rise in the past month.

As a result, it increased by around 42 percent during the period. Notably, shares of the auto component maker had already been on the rise since the start of 2021. It has risen 165% so far in calendar year 2021.

On Monday, shares settled at Rs 397.05, up 1.40% from the previous close.

Reports attribute the recent sharp increase in the value of its shares to astute investor Vijay Kedia who bought 205,524 shares, which equates to 1.66% of the company’s share capital.

Additionally, a calibrated shift towards electric vehicles and a world powered by green fuels appeared to have supported the outlook for the auto component maker.

Talbros Automotive Components was established in 1956 in collaboration with the British company Coopers Payen.

The company sells gaskets, heat shields, forgings, chassis and suspension systems, anti-vibration components and hoses.

The company caters to a wide range of buyers in segments such as passenger vehicles, utility vehicles, two-wheelers, three-wheelers, agricultural machinery, unloaders and industrial vehicles, among others.

The market capitalization of the auto component maker is worth Rs 490 crore.

Also read:

“Based on our internal assessment on the basis of which the board of directors approved the investment of Rs 390 crore, we envision a minimum of 3x-4x income over the next 5-6 years.” Sunil Bohra, chief financial officer of Minda Industries group, has been quoted in reports.

Source link

About the author