Multibagger stock: This newly Vijay Kedia-backed auto parts company shares jump 48% in 6 sessions
Surging for the sixth straight session, this small-cap auto parts company - Talbros Automotive Components - shares have surged over 48 per cent since the renowned investors Vijay Kedia has picked up the stakes in the company.
Surging for the sixth straight session, this small-cap auto parts company — Talbros Automotive Components — shares have surged over 48 per cent since the renowned investors Vijay Kedia has picked up the stakes in the company.
The seasoned investor Kedia had purchased 205,524 shares, representing a 1.66 per cent stake, in Talbros Automotive on the NSE, as per the bulk deals data on December 30, 2021. He had bought 215,524 shares at price of Rs 337.48, while sold 10,000 shares at Rs 339.70 on the NSE, as per data.
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The shares of Talbros Automotive on Tuesday have touched a new-life high on Tuesday after gained almost 8 per cent to Rs 442 per share on the BSE intraday trade on Tuesday. The stock has hit a new-life high for the second-straight session as on Monday it had touched Rs 401.55 apiece as life high.
Amid significant share price movement, the exchanges have sought clarification from the company. However, it had said that there is no undisclosed / price sensitive information or any impending announcement / corporate action which needs to be informed to the exchange at this point of time.
The flagship manufacturing company of the Talbros Group — Talbros Automotive Components was established in year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK.
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, among others are marquee customers of the company.
At around 02:13 pm, the stock is trading up over 3 per cent to Rs 404.15 per share on the BSE, as compared to 1.9 per cent rise in the S&P BSE Sensex. A combined 270,000 equity shares had changed hands on the counter on the NSE and BSE couple of hours after the market open today.
The stock in the last one year has zoomed 185 per cent from Rs 147.95 per share on the BSE, as compared to a 27.4 per cent rise in the BSE Sensex during the same period.
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