Vijay Kedia & Dolly Khanna Stock Hit 52-Week-High On Securing Order of Rs 400 Cr

Talbros Automotive Components is a small cap Consumer Discretionary company that recorded a market cap of Rs 991.60 Cr on Friday's closing session. During its last trading session the stock opened on the BSE at Rs 730 apiece and then made a 52-week-high of Rs 832 during the afternoon deals logging in an intraday gain of 13.97%. In spite of heavy volumes the stock closed at Rs 803.20 apiece with an upside gap of 10.80% from the previous close of Rs 724.90. Heavy buying demand witnessed in the stock after the company announced that it has secured an order worth Rs 400 Cr.

Across its business divisions, product industries, and JVs, the company claimed to have secured multi-year orders totaling Rs. 400 crores from domestic and international customers. These orders include multiple EV orders for Rs. 205 crores from top OEMs.
These orders, which include the company's product divisions for gaskets, heat shields, forgings, and chassis, are to be carried out over the course of next 5-7 years.

The firm announced that it has received an order for a Body in White - Stamped Metal Part for Electric Vehicles (EV) worth over Rs. 165 crores for over a period of five years from a well-known, renowned export OEM. This order has been placed through the joint venture Marelli Talbros Chassis Systems Pvt. Ltd. Additionally, for over the course of five years, it has received orders from export customers totaling more than Rs 50 crores for forgings items including Ring Gear, Gear Planet, Spacer, Brake Pistone, Cover King Pin, Planetary Gear, and many others.

According to Talbros Automotive Components, many domestic OEMs have placed orders totaling Rs. 65 crores for its heat shield products for over a five-year period. Moreover, it has received another order worth Rs. 120 crores from domestic and international OEM customers for its gasket products for over a five-year period. This includes a Rs 40 crore order for electric vehicles from a renowned international OEM.

Talbros Automotive Components said in a stock exchange filing that these orders will help it to increase its share with existing customers and new customers across geographies which will help the company grow and gain market share in the coming years.
During Q4FY23, the company reported promoter shareholding of 58.42%, DIIs stake of 0.02% and public stake of 41.57%. As per the shareholding pattern of Talbros Automotive Components for January to March 2023 quarter, ace investor Dolly Khanna held fully paid up-equity shares of 1,85,715 or 1.50% stake in the company while another renowned investor Vijay Kedia held fully paid up equity shares of 1.5 lakh or 1.22% stake in Talbros Automotive Components during Q4FY23.