Stock Report

Talbros Automotive Components receives multi-year orders worth ~Rs. 420 crores

Posted On : 2022-12-02 09:51:20( TIMEZONE : IST )

Talbros Automotive Components receives multi-year orders worth ~Rs. 420 crores

Talbros Automotive Components Limited has received new multi years orders worth Rs. 420 crores from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5 years covering the company's product lines - gaskets, heat shields, forgings and chassis.

- Orders received from a leading established domestic OEM for the Electric Vehicles (EV) for over Rs. 160 crores over 5 years

- Received orders from new customers for multiple auto parts for multiple applications

- Received orders from new OEM customers in the non-automotive segment for export markets

- These order span across new technologies such as heat shields for which we have secured new customers in the Domestic PV space and exports

These orders will help us increase our share with existing customers and new customers across geographies which will help us grow and gain market share in the coming years.

Shares of Talbros Automotive Components Limited was last trading in BSE at Rs. 462.65 as compared to the previous close of Rs. 456.60. The total number of shares traded during the day was 1352 in over 184 trades.

The stock hit an intraday high of Rs. 468.25 and intraday low of 458.75. The net turnover during the day was Rs. 624168.00.

Source : Equity Bulls


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