India's Talbros Automotive Components 8% on multi-year orders win

Talbros Automotive Components

02/12/2022 07:54

** Shares of Indian auto parts manufacturer Talbros
Automotive Components Ltd  TALB.NS  rise as much as 8.2% to
500.90 rupees, marking sharpest intraday pct gain since Oct 7
    ** Stock of TALB hits highest level since Nov 14, on track
for a second consecutive session of gains
    ** TALB on Friday receieved multi-year orders worth 4.20
billion rupees  urn:newsml:reuters.com:*:nFWN32R36H
    ** Order received from domestic and overseas customers,
including an EV order for 1.60 billion rupees from a domestic
Original Equipment Manufacturer 
    ** More than 196,000 shares change hands, 7.2x the 30-day
avg of 27,365 shares
    ** Stock up 18.5% YTD, as of last close
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))