Vijay Kedia-Backed Micro Cap Stock Surges 35% In 2 Days After Bagging ₹580 Cr Orders

Shares of Talbros Automotive Components continued to surge for the second straight session as the company bagged orders worth ₹580 crore.

What Happened: The company on Monday morning announced bagging orders from both, domestic and overseas customers across its business divisions, product segments and joint ventures. As per the company, these orders are to be executed over a period of the next five years commencing from FY25 onwards.

The biggest order is valued at around ₹270 crore over a five-year period from a prominent export original equipment manufacturer (OEM) for electric vehicles (EVs), covering products like EDS Brackets, Transcradle Bracket, Mid-Metal Shield, S3 Pack, and Battery Stampings. These orders are facilitated through the Joint Venture – Marelli Talbros Chassis Systems.

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The second biggest order is for forgings products, amounting to around ₹120 crore over five years, covering applications in transmission, engines, driveline, and off-highway. Another order totalling around ₹75 crore over five years for heat shield products from multiple domestic original equipment manufacturers (OEMs), incorporating new technologies in the heat shield space.

Orders worth around ₹40 crore over five years for gasket products from both domestic and export OEM customers. Another ₹75 crore order from a leading domestic OEM for products like muffler hanger, damper front and hose canister air suction. This order is executed through the Joint Venture – Talbros Marugo Rubber.

Since the announcement, the stock has surged up over 35%. The micro-cap stock is backed by ace investor Vijay Kedia, who owns a 1.22% stake in the company. Dolly Khanna is also a shareholder and owns a 1.57% stake.

Price Action: Talbros’s share price was up 11.02% to trade at ₹312.75 shortly after market open on Tuesday.

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