Talbros Automotive soars 27% in 2 days as Vijay Kedia increases stake
Shares of Talbros Automotive Components rose 13% to a new lifetime record at Rs 498.35, on BSE in Wednesday’s intra-day trade supported by large volumes. In the past two trading days, the auto parts and equipment firm’s stock has jumped 27% after data revealed wealthy individual investors bought more than 2% stake in the company. during the October to December quarter (T3FY22) via the open market. .
at 10:14 am; Talbros Automotive Components rose 8%, compared to 0.24% for the S&P BSE Sensex index. Over-the-counter trading volumes nearly quintupled with a total of around 625,000 shares changing hands on the NSE and BSE.
Since November 24, in the past six weeks, the share price of the auxiliary auto company has risen 81% after investor ace Vijay Kedia bought nearly 2% of the company’s equity through the market. free.
On November 30, 2021, Vijay Kishanlal Kedia purchased 205,524 shares, representing 1.66% of the capital, in Talbros Automotive through wholesale transactions on the NSE. He bought 215,524 shares at a price of Rs 337.48, while he sold 10,000 shares at Rs 339.70 on the NSE, according to exchange data.
According to shareholder data for the quarter ended Q3FY22 filed by Talbros Automotive, it appears that Vijay Kedia held 2.27% of the company’s capital. Sanjay Dugar, another investor, bought 135,000 shares or 1.09% of the company’s capital during the quarter. He owned NIL or less than 1% stake in Talbros Auto at the end of the September 2021 quarter (T2FY22), according to the data.
Individual shareholders, who held capital up to Rs 2 lakh, saw their stake in the company drop to 26.24% in the third quarter, from 29.44% in the second quarter.
Talbros Automotive Components, the flagship manufacturing company of the Talbros Group, was established in 1956 to manufacture automotive and industrial seals in collaboration with Coopers Payen of the United Kingdom. The company has technical collaborations with Nippon Leakless Corporation – Japan and Sanwa Packaging – Japan.
Some of the renowned clients 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 Tallbros in addition to a strong aftermarket distribution network.
Marelli Talbros is working on new tenders for several Indian and global OEMs to support the development of future electric vehicles (EVs). Marelli Talbros supplies critical suspension components to electric vehicles.