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Dolly Khanna stock jumps 12% after it receives orders worth ₹475 Cr for EV and auto components

Dolly Khanna stock secured Rs. 475 crore orders for automotive components over five years, boosting growth across domestic and export markets in competitive automotive sectors.
Dolly Khanna stock secures ₹475 crores orders for automotive components, driving growth in domestic and export markets.
Dolly Khanna stock secures ₹475 crores orders for automotive components, driving growth in domestic and export markets.

Introduction:

Dolly Khanna stock, through its joint ventures, has secured orders worth Rs. 475 crores for automotive components set for delivery over five years. These orders, from both domestic and export markets, highlight significant contributions to the company’s growth in competitive sectors.

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Share Price movement of Talbros Automotive Components Ltd:

On November 27, 2024, Talbros Automotive Components Ltd (NSE: TURBOAUTO) opened at ₹314.05 and saw a high of ₹344.00 after starting from a previous close of ₹299.10. Currently stock is trading at ₹336.90, marking a significant rise of 12.64%, with a market capitalization of ₹2079.62 cr.

Talbros Automotive Components Ltd share price rise after it receives new orders:

Talbros Automotive Components Limited (TACL) and its joint ventures have secured orders totaling approximately Rs. 475 crores for various automotive components to be delivered over the next five years. These orders span both domestic and export markets, emphasizing significant contributions from the company’s gasket and heat shield product lines.

The company has particularly strengthened its position in the European market, with export orders of about Rs. 131 crores. This includes a major portion for heat shields, enhancing Talbros’ market share and expected to improve overall profit margins due to the specialized nature of the products.

Additionally, Talbros has received domestic orders through its joint ventures for chassis components and rubber products, indicating expansion in local OEM supply and introducing new product commercializations scheduled to start from FY26. This diversification supports Talbros’ growth trajectory in the competitive auto components industry.

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Recent news About Talbros Automotive Components Ltd:

On November 26, 2024, Talbros Automotive Components Ltd introduced new advanced sealing solutions aimed at improving vehicle performance and reliability. These innovations are designed to meet increasing quality demands in the global automotive components market.

Ace investor holding of Talbros Automotive Components Ltd:

Dolly Khanna holds 743,382 shares in Talbros Automotive Components Ltd, valued at ₹24.9 Crore, representing 1.2% of the company as of September 2024. This stake reflects her ongoing investment in the auto components sector.

Stock performance of Talbros Automotive Components Ltd for Period of 1 week, 6 months and 1 year:

Over the past year, Talbros Automotive Components Ltd experienced a slight decrease in stock performance, down by 1.60%. However, more recently, the stock has shown improvement with a 1.12% rise over the last week and a 3.93% increase over the past six months, indicating a gradual recovery in its market valuation.

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Shareholding pattern of Talbros Automotive Components Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters58.4358.4358.43
FII0.50.550.13
DII0.010.030.05
Retail & others41.0540.9841.39
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About Talbros Automotive Components Ltd:

Talbros Automotive Components Ltd specializes in manufacturing a diverse range of automotive parts, including gaskets, heat shields, forging components, chassis, and hoses. It caters to leading OEMs, strengthening its market presence both domestically and internationally with a focus on innovation and quality.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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