This stock is included in the S&P BSE Smallcap index with a market cap of Rs. 1,278 crore. The stock price is at Rs. 1035.20, versus Rs. 1053.35 at closing on Tuesday.

The stock is 10% away from its 52 week high, currently trading 6% and 59% above its 20 day and 200 day moving averages respectively. The stock is seeing volumes that are over 0.4x the weekly average volumes. 

In a filing dated 3rd October 2023, Talbros Automotive Components Ltd (‘Talbros”) stated that CARE Ratings Limited has revised credit rating on the Long Term and Short Term Bank facilities.

Its long term facilities’ rating is set a notch up at A+ versus A before and the corresponding outlook was changed from positive to stable. Short term facilities’ rating has been upgraded a notch as well from A1 to A1+.

Additionally, the company has set 27th October, 2023 as the “Record Date” for determining entitlement of Equity Shareholders for the purpose of Sub-division/Split of existing Equity Shares in a 1:5 ratio. Meaning for every one share a shareholder has, the person will receive 5 shares post split but with each share’s value a fifth of what it was to retain the same aggregate value. 

Talbros is held 1.2% by Vijay Kedia and also held 1.5% by Dolly Khanna and is a multibagger in the last 1 year period with returns at 135%, on track to be multibagger with YTD returns at 81%. Meaning, if you invested Rs. 1 lakh into Talbros a year ago, it would now be worth Rs. 2.35 lakh!

The company is also backed by strong financials – Piotroski F score of 8 out of a maximum of 9 and Revenue and Net Profits’ 3 year CAGR at 20% and 66% respectively. 

Written by Sandeep R


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