Shares of NRB Bearings Ltd, Talbros Automotive Components Ltd and GNA Axles Ltd jumped in intraday trade on Friday, September 18, as auto ancillary stocks gained during the session. According to reports from CNBC TV18, NRB Bearings surged over 12.5% during the trading session, hitting an all-time high of ₹534. The company's shares have surged more than 95% since the start of the year and more than 88% over the trailing 12-month period. Talbros Automotive Components surged up to 9% in intraday trade, also hitting an all-time high of ₹475.20, while GNA Axles surged up to 5% in intraday trade before paring some gains.
The surge in auto ancillary stocks was accompanied by significant trading volumes across all three companies. As reported by CNBC TV18, more than 1 lakh shares of NRB Bearings were traded during intraday trading, at 2.75 times the stock's 10-day average. Talbros Automotive Components saw more than 46,000 shares change hands during intraday trading, with the stock trading at 2.6 times its 10-day average volume. GNA Axles recorded more than 1 lakh shares changing hands during intraday trade, with the stock surging to nearly 10 times its 10-day average volume.
According to CNBC TV18, Talbros Automotive Components secured multi-year orders worth over ₹1,000 crore from leading original equipment manufacturers across domestic and international markets. The orders would be executed over five years, with commercialisation expected to begin from FY27. The wins spanned all of Talbros' key product lines, including gaskets, heat shields, forging components, hoses, anti-vibration parts and chassis components. NRB Bearings earlier this year told CNBC-TV18 that it was looking beyond its traditional automotive business as it prepared for the next phase of growth, with Harshbeena Zaveri, Vice Chairperson and Managing Director, stating that the company's 5-year plan is to double sales.
Earlier this month, the Automotive Component Manufacturers Association of India (ACMA) said at its annual session in New Delhi that the Indian auto component industry was targeting $200 billion in annual turnover by 2030, supported by rising supplies to automakers, exports and domestic demand. As reported by CNBC TV18, the industry's turnover rose 12.7% to ₹7.6 lakh crore ($85.9 billion) in FY26, while supplies to original equipment manufacturers grew 16.3% and exports reached around $24 billion. Additionally, Ruchit Mehta, Head of Research at SBI Mutual Fund, told CNBC-TV18 that auto ancillary companies were also expanding their addressable markets by moving beyond traditional automotive applications, with exposure to sectors such as aerospace, defence and railways helping broaden growth opportunities.
