Talbros Automotive Components Bags Order Surges Over 7%

Shares of Talbros Automotive Components are spiking on BSE over 7% as the company has received an order under the Forgings division for supply parts to a large German luxury car manufacturer.

The order is for 7 years and the expected total revenue from the same is nearly Rs 175 crores. The supplies for the same is expected to roll from June-July 2017.

It is expected that the order will provide operating leverage and will enhance the profitability of the company.

The shares attracted a total traded quantity of 0.48 lakh and a turnover of Rs 82.60 lakh in today’s intraday trade.

The shares have traded on afresh 52-week high value of Rs 178.80 per share on NSE and Rs 178.40 per share on BSE in today’s trade.

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