Vijay Kedia stocks: This auto parts company's shares jump 16% after renowned investor picks up stake
The shares of the auto parts and equipment company have soared 38 per cent in the past two trading days and also surpassed its earlier record high of Rs 356.75 hit on August 3, 2021, as per the BSE.
The small-cap auto parts company Talbros Automotive Components’ shares jumped almost 16 per cent to touch a new lifetime high of Rs 392.25 per share on the BSE intraday trade on Wednesday as renowned investor Vijay Kedia picks up a stake in the company via open market on Tuesday.
Vijay Kishanlal Kedia has at least 15 stocks in his portfolio worth around Rs 700 crore, as per trendlyne.com. The seasoned investor on Tuesday has purchased 205,524 shares, representing a 1.66 per cent stake, in Talbros Automotive on the NSE, as per the bulk deals data.
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Kedia had bought 215,524 shares at price of Rs 337.48 per share, while selling 10,000 shares at Rs 339.70 per share on the NSE, the exchange data portrays.
The shares of the auto parts and equipment company have soared 38 per cent in the past two trading days and also surpassed its earlier record high of Rs 356.75 hit on August 3, 2021, as per the BSE.
At around 01:36 pm, the counter has been trading around 13 per cent higher to Rs 382 on the BSE, as compared to a 0.99 per cent rise in the BSE Sensex. In the early morning trade, a combined 186,000 equity shares changed hands on the counter on the NSE and BSE.
The stock in the last one year has zoomed 151 per cent from 156.4 per share on the BSE, as compared to a 29.5 per cent rise in the BSE Sensex during the same period.
The flagship manufacturing company of the Talbros Group — Talbros Automotive Components was established in year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of the UK.
Bajaj Auto, Tata Cummins, Volvo Eicher India, Ashok Leyland, Escorts Group, Force Motors, Hero MotoCorp, Honda, Hyundai, John Deere, Mahindra & Mahindra, Maruti Suzuki, Suzuki, TAFE, Daimler India, Tata Motors, Simpsons, among others are marquee customers of the company.
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