Talbros Engineering’s stock shoots up by 10%
DSIJ Intelligence / 18 Aug 2017
Subsequent to the announcement that the board of Talbros Engineering, manufacturer of axle shafts for automobile OEMs, has approved the issuance of bonus shares, the company’s stock shot up by over 10% intraday on Friday.
Subsequent to the announcement that the board of Talbros Engineering, manufacturer of axle shafts for automobile OEMs, has approved the issuance of bonus shares, the company’s stock shot up by over 10% intraday on Friday. The board has approved the capitalisation of free reserve by the issuance of bonus equity shares in the ratio of 1:1 to the members of the company.
The stock was trading higher by 10.78% at Rs 589 per share on the BSE at 1011 hours. The stock also touched a fresh 52-week high at Rs 590 per share on Friday. It opened at Rs 569.95 per share and touched its intraday high and low at Rs 590 and Rs 551 per share, respectively.
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