Talbros Automotive climbs 27% in 2 days as Vijay Kedia raises stake – World Affairs SRS

Talbros Automotive climbs 27% in 2 days as Vijay Kedia raises stake

– World Affairs SRS

Shares of Talbros Automotive Components rallied 13 per cent to record a new life-time high at Rs 498.35 on BSE with heavy volumes in intra-day trade on Wednesday. In the past two trading sessions, the auto parts and equipment firm’s stock has gained 27 per cent after data showed that individual investors with high net worth had invested in the company through the open market during the October-December quarter (Q3FY22). Has bought more than 2 percent stake. ,

10:14 a.m.; Talbros Automotive Components was up 8 per cent compared to a gain of 0.24 per cent in the S&P BSE Sensex. Over the counter trading volume increased nearly five times with around 625,000 equity shares changing hands on NSE and BSE.

Since November 24, in the past six weeks, the auto ancillary company’s share price has risen by 81 per cent, when ace investor Vijay Kedia bought around 2 per cent stake in the company through the open market.

On November 30, 2021, Vijay Kishanlal Kedia bought 205,524 shares in Talbros Automotive, representing 1.66 per cent stake, through wholesale deals on the NSE. Exchange data shows that he bought 215,524 shares at a price of Rs 337.48, while selling 10,000 shares at Rs 339.70 on the NSE.

According to the shareholding pattern data for the quarter-quarter filed by Talbros Automotive, Vijay Kedia held 2.27 per cent stake in the company. Another investor Sanjay Dugar bought 135,000 shares or 1.09 per cent stake in the company during the quarter. The data shows that he held zero or less than one per cent stake in Talbros Auto at the end of September 2021 quarter (Q2FY22).

Individual shareholders, who had capital up to Rs 2 lakh, have seen their stake in the company fall from 29.44 per cent in Q3 to 26.24 per cent.

Talbros Automotive Components, the flagship manufacturing company of the Talbros Group, was established in 1956 in association with Coopers Payne of the UK to manufacture automotive and industrial gaskets. The company has technical collaborations with Nippon Leakless Corporation – Japan and Sanwa Packaging – Japan.

Some of the major customers include Bajaj Auto, Tata Cummins, Volvo Eicher India, Ashok Leyland, Escorts Group, Force Motors, Hero MotoCorp, Honda, Hyundai, John Deere, Mahindra & Mahindra, Maruti Suzuki, Suzuki, TAFE, Daimler India, Tata . Motors, Simpsons, Carraro, Dana, Musashi, Spicer, GE and QH Talbros plus a strong distribution network in the aftermarket.

Marelli Talbros is working on new RFQs for several Indian and global OEMs to aid in the development of future electric vehicles (EVs). Marelli supplies critical suspension components to the Talbros EV.

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