🚗 Talbros Auto Share Price Soars by 5% to Reach ₹293 High
Today in the market, Talbros Automotive Components’ share price surged by 5% to reach a high of ₹293 with an upper circuit. On November 22, 2023, the stock touched a level of ₹347, which was a 52-week high for the company. Just last year in April, the share was trading at a low of ₹86. This means that the stock has delivered returns of over 230% in the past year.
📈 Talbros Auto Component Joint Venture Secures ₹1,000 Crore Order
The joint venture of Talbros Auto Components with a leading European origin equipment manufacturer has secured an order worth approximately ₹1,000 crore. This order will span eight years starting from the fourth quarter of the financial year 2025. Production under this order will be carried out at the Marelli Talbros Chassis Systems plant in Pune. The necessary investments for this order will be made through international institutions and loans, strengthening the company’s position in Europe.
💼 Talbros Auto Components Receives ₹980 Crore Orders Last Year
Last year, Talbros Auto Components received orders worth ₹980 crore, including a joint venture. Of these, ₹475 crore orders were for the EV segment supply and ₹415 crore were related to exports.
💰 Talbros Auto Share Price Rises by 4.53% to Trade at ₹308 on Friday
On Friday, April 19, 2024, the share price of Talbros Auto was up by 4.53% to trade at ₹308. The company continues to see positive growth and development in the automotive components sector.
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