Rs 20/Share Dividend: Small Cap Auto Ancillaries Stock Surges 242% In 1-Yr

Small cap company from auto ancillaries sector, Banco Products (India) Ltd shares witnessed a decline of 4.21% intraday as it announced a decline of 30.45% in net profit to Rs 68.32 crore for the quarter ended December 2023 as against Rs 98.23 crore for the corresponding quarter of last year. The company also approved an interim dividend of Rs 20/- per equity share for the financial year ending March 31, 2024.

Banco Products shares jumped 97% in last 6-months and rallied 241% in last 1-year. Banco Products announced its sales for December 2023 quarter at Rs 565.44 crore, up 12.71% as compared to Rs 501.69 crore in December 2022 quarter. Check details below:

Banco Products Declares Interim Dividend: As per the BSE filing of the company dated February 5, 2024, "The Board of Directors has declared an Interim Dividend of Rs 20/- (1000 %) per Equity Share of Rs 2.00 each for the financial year ending 31° March, 2024. The Company has fixed Friday, 16" February, 2024, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after 27 February, 2024."

Banco Products Stock Performance & Return: Last trading price of Banco Products shares on BSE is Rs 668.15 apiece with intraday fall of 4.21%. The 52-week high price of Banco Products shares on BSE is Rs 733.00 apiece and 52-week low price is Rs 190.05 apiece, respectively. The company has a market capitalisation of Rs 4,778.52 crore. Banco Products shares gained 45% in last 3-months, surged 270% in last 2-years, and offered return of 324% in last 3-years. In last 5-years, Banco Products shares gained 290%.

Banco Products About: Born of Entrepreneurial spirit Banco was established in 1961. By combining entrepreneurial spirit with a passion for excellence in engineering, Banco has carved a niche for itself as a leader in the business of engine cooling and engine sealing systems, according to its LinkedIn page.

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