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Shares of small company Telbros Automotive Components are witnessing a tremendous surge. On Tuesday, the company’s stock rose over 17 percent to Rs. 333.95 was reached. Shares of the company hit a new 52-week high. Shares of Telbros Automotive have jumped more than 35% in the last 2 days. On Monday, the company’s stock surged 20 percent to Rs. closed at 281.85. The rise in Telbros Automotive’s shares has come on the back of several large orders.
The company received Rs. 580 crore orders have been received
Talbros Automotive has announced that it has received Rs. 580 crore orders have been received. The company said it has received these orders across its business divisions, product segments and joint ventures. Telbros Automotive says these contracts will help it increase its market share. Also, its dominance will increase in the export market. These orders are to be completed in the next 5 years. The company says the order will improve its margins.
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Shares surged 330% in just 8 months
Shares of Telbros Automotive have seen a sharp rise. The company’s stock has gained more than 330% in the last 8 months. On 28 March 2023, the shares of the company were Rs. were at 77.45. Share of Talbros Automotive on 21 November 2023 Rs. 333.95 has been reached. Shares of the company have jumped 225% in the last 6 months. Share of Talbros Automotive on May 22, 2023 Rs. was at 101.98. On 21 November 2023, the company’s shares in BSE were trading at Rs. 333.95 has been reached. Telbros Automotive shares hit a 52-week low of Rs. is 76.02.
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