India's Talbros Automotive hits record high on new orders

Talbros Automotive Components

07/07/2023 05:22

** Shares of Talbros Automotive Components Ltd  TALB.NS 
jump as much as 8.2% to record high of 783.90 rupees
    ** Co says it received several multi-year orders worth 4 bln
rupees ($48.38 mln) from both domestic and overseas customers,
to be executed over 5-7 years
    ** Orders include multiple electric vehicles (EV) orders for
2.05 bln rupees
    ** About 261,000 shares change hands by 9:47 a.m. IST, 1.1x
the 30-day avg - Refinitiv Data
    ** Stock up 27.6% YTD as of last close



($1 = 82.6750 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))