In the domestic stock market, on Friday, September 18, 2026, there was a strong buying environment in the shares of automotive component and ancillary sector. On Dalal Street, investors placed big bets on component manufacturing companies on the back of strong demand from automobile manufacturers and increasing expansion in the export market. Particularly, aggressive buying was witnessed in shares of NRB Bearings, Talbros Automotive Components and GNA Axles during intraday trade. NRB Bearings stock surged over 12.5 per cent to its new all-time high in the trading session on huge trading volumes, further strengthening investor confidence in the entire sector.
NRB Bearings Ltd. shares witnessed widespread buying during the trading session, with the stock jumping over 12.5% to hit a new all-time high of ₹534. This is the biggest single-day rise ever recorded in the company's stock since the beginning of the calendar year 2026. If we look at the return track record of this stock, since the beginning of the year 2026, this stock has jumped by more than 95 percent, while in the last 12 months time period, it has given an excellent wealth gain of more than 88 percent to the investors. More than 1 lakh shares of the company were transacted in intraday trade on Friday and its trading volume was recorded 2.75 times higher than the 10-day average. Throwing light on the company's fundamentals, Harshbeena Zaveri, Vice Chairperson and Managing Director, NRB Bearings, had earlier clarified that the company is working on a roadmap to double its total sales in the next 5 years, for which apart from the traditional automotive segment, new industrial applications and international joint ventures are being rapidly implemented.
The second biggest movement in the auto accessory space was seen at the counter of Talbros Automotive Components. The company's shares surged as much as 9 per cent to touch a new all-time high of ₹475.20 in Friday's trading session. This was the second biggest single day rise of this stock in the current year, before this the stock had made a strong jump of 12.36% on May 22. So far in the year 2026, shares of Talbros Auto have registered a gain of more than 72 percent, while in the last one year it has gained more than 61 percent. Over 46,000 shares were traded intraday, with volume 2.6 times higher than the 10-day daily average. The mainstay of the company's long bull run is multi-year orders worth over ₹1,000 crore from Original Equipment Manufacturers (OEMs), to be fulfilled over the next five years. Its commercialization is scheduled to begin from the financial year 2026-27 (FY27), in which the company will mainly supply gaskets, heat shields, premium forging components, industrial hoses, anti-vibration parts and chassis components on a large scale.
Shares of GNA Axles, a company with a strong hold in the commercial vehicle and heavy duty segment, also registered a strong rise of about 5 percent in the day's trading. Although the stock later lost some of its early gains due to mild profit-selling at higher levels, it turned out to be the stock's biggest intraday rally in more than a month. Since the beginning of 2026, shares of GNA Axles have given a strong return of more than 86 percent, while in the last one year the counter has increased by more than 76 percent. The huge investor interest on Friday can be gauged from the fact that more than 1 lakh shares were exchanged intraday and the trading volume reached almost 10 times its 10-day average, a clear indication of the strong presence of institutional and high-net-worth investors.
This collective bullishness of the auto component sector is also deeply supported by the broader industry fundamentals. The Indian auto component industry is fast moving towards the ambitious target of achieving an annual turnover of $200 billion (approximately ₹16.6 lakh crore) by 2030, the Automotive Component Manufacturers Association of India (ACMA) has highlighted in recent data. The total turnover of the industry is expected to cross ₹7.6 lakh crore ($85.9 billion) with an annual growth of 12.7 percent in the financial year 2025-26 (FY26), with supplies to domestic OEMs increasing by 16.3% and global exports reaching nearly $24 billion. Moreover, according to Ruchit Mehta, Research Head, SBI Mutual Fund, Indian auto ancillary companies are no longer limited to just traditional passenger and commercial vehicles; Rather, they are aggressively expanding their addressable markets by venturing into new high-margin technology sectors such as aerospace, defense components and railways, which has increased the long-term re-rating and earnings visibility of these companies manifold.