1:5 Stock Split Approved: Small Cap Multibagger Auto Ancillaries Stock Hits 52-Week High

Small cap stock operating in Auto Ancillaries sector, Talbros Automotive Components Ltd approved stock split in the ratio of 1:5 on Tuesday, according to its exchange filing. The company has not yet fixed the record date for stock split. Talbros Automotive shares hit 52-week high on today. The company also announced a jump of 46% in its Q1 PAT as it announced its Q1 FY2024 earnings on August 8. In last 3-months, Talbros Automotive shares soared 114% and rallied 878% in last 3-years. Check details below:

Talbros Automotive Gives Nod To Stock Split: According to the BSE filing of the company dated August 9, 2023, "Pursuant to Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors has in its meeting held today August 8, 2023 inter alia, considered and approved the following matters:

1. Sub-division/split of the existing Equity Shares of the Company from 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 5 (Five) Equity Shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up, subject to the approval of Shareholders of the Company in the ensuing AGM."
The Record Date for the sub-division/split of existing equity shares shall be decided by the Board post approval of the shareholders and will be intimated to the Exchanges in due course.

Talbros Automotive Financial Performance: The small cap company registered robust performance in the June 2023 quarterly results. It announced a jump of 46.34% on YoY basis in its consolidated net profit for the June quarter to Rs 17.4 crore from Rs 11.9 crore in the same period last year. The total income soared 20% to Rs 185.3 crore in the June quarter compared to Rs 154.67 crore in the corresponding quarter of last year.

Talbros Automotive Stock Performance & Return: Last trading price of Talbros Automotive share is Rs 1037.10 apiece with intraday gain of 6.37%. Its 52-week high price is Rs 1104.95 apiece and 52-week low price is Rs 380.10 apiece, respectively. Its market capitalisation is Rs 1280.37 crore. Talbros Automotive shares gave 112% return in last 6-months, soared 90% in last 1-year, gave 225% return in last 2-years, and offered 878% return in last 3-years.

Talbros Automotive About: The Company, along with its joint venture companies, boasts of an extensive product portfolio which includes gaskets, heat shields, forgings, chassis and suspension systems, anti-vibration components and hoses. Backed by its diversified product basket, the company caters to different automobile segments, including passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, agricultural machinery, off-loaders and Industrial vehicles, among others, according to its official website.

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