88.90% In 6 Months! Small Cap Auto Ancillary Stock To Consider Stock-Split, Scrip Rallies 7.10%

Small Cap Auto Ancillary Company, Talbros Automotive Components Ltd. has informed the Board of the company to consider sub-division/splitting of its existing Equity Shares having a face value of Rs.10/-each on Tuesday, Aug 08, 2023. The company informed the same in an exchange filing on Friday, Jul 21, 2203. The market cap of the company is Rs 1,048.51 Crore.

The Board of directors of Talbros Automotive Components Ltd. said in an exchange filing, "we wish to inform you that a meeting of Board of Directors of the Company will be held on Tuesday, August 8, 2023 inter-alia, to consider and approve the following: I. Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30,2023. II. Alteration of Equity Share Capital of the Company by way of sub-division/splitting its existing Equity Shares having a face value of Rs.10/-each, fully paid up in such manner as may be determined by the Board of Directors pursuant to the provisions of Section 61 (1) (d) of Companies Act, 2013 and subject to the approval of Shareholders of the Company and /or any other regulatory/statutory approvals, as may be required."

On Friday, Post announcement, the shares of Talbros Automotive Components rallied 7.10%, closed at Rs 849.30 apiece. The stock hit its new 52-week high at Rs 863 apiece. Its 52-week low is Rs 380.10 apiece.

The stock gained 4.90% in 1 week. It gained 18.73% in 3 months and 88.90% in 6 months, respectively. It gained 64.37% in 1 year, 160.92% in 2 years, 726.57% in 3 years, and 236.96% in 5 years, respectively.

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