India's Talbros Automotive climbs on Q4 profit growth

Talbros Automotive Components

17/05/2023 05:38

** Shares of Talbros Automotive Components Ltd  TALB.NS 
rise as much as 7.3% to 520.3 rupees
    ** Stock hits highest level since Jan. 16
    ** If trends hold, co on track for fifth consecutive session
of gains
    ** Co reported a 34% YoY rise in consolidated net profit,
helped by multi year orders from domestic and overseas customers
    ** Co trading above its 50-day, 100-day and 200-day
exponential moving avgs since April 26, indicating bullish
sentiment
    ** More than 194,000 shares change hands by 10:00 a.m. IST,
~5x 30-day avg
    ** Stock down 10.6% YTD, up to last close

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))