By Malvika Gurung
Investing.com -- Shares of the auto parts company Talbros Automotive Components Ltd (NS: TALB ) have rallied almost 11% to Rs 373.75 apiece at 12:00 pm on Wednesday, while Nifty 50 was trading 1.3% higher.
The stock surge comes in response to investor Vijay Kishanlal Kedia purchasing an almost 2% stake in the auto parts major through the open market yesterday.
According to bulk deals data on the NSE, investor Vijay Kedia bought 2,05,524 equity shares taking its stake up to 1.66% in the company, through bulk deals on the exchange on Tuesday. Kedia bought 2,15,524 shares for Rs 337.48 apiece and sold 10,000 shares for Rs 339.70 on the exchange.
The auto parts stock soared over 17% on Tuesday, and in the past 2 days, it has zoomed about 32% and 27% in a month.
Some ace companies Talbros Automotive Components delivers to include Maruti Suzuki (NS: MRTI ), Bajaj Auto (NS: BAJA ), Ashok Leyland (NS: ASOK ), Volvo Eicher India, Tata Cummins, Mahindra & Mahindra (NS: MAHM ), Tata Motors (NS: TAMO ), Hyundai Motor (KS: 005380 ), and Honda Motor Co Ltd (T: 7267 ), among others.
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