Talbros Automotive Components Hits Record High
Talbros Automotive Components sees its biggest gain in 16 months.
Talbros Automotive Components rose as much as 14 percent on Thursday, it’s biggest move in 16 months. Volumes traded in the stock stood at 20 times its previous 20-day average.
It rose 34 percent in the past month compared to 2.1 percent rise in Sensex.
The auto components maker has a market capitalisation of Rs 210 crore.
Talbros Automotive Components Ltd., the flagship manufacturing company of the Group was established in the year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK. Today, after 58 successful years, Talbros stands proud and tall as a mother brand of Gaskets & Heat Shields, Forgings, Suspensions Systems and Anti Vibration components and Hoses
The stock trades at 21.5 times trialing 12-month earnings per share and 12 times its estimates for the coming year.