1:1 Bonus Share After 17 Years & 110 Per Cent Jump In PAT: Heavy Buying In This Multibagger Auto Stock; Hit Upper Circuit & 52-Week High

Kiran Shroff
1:1 Bonus Share After 17 Years & 110 Per Cent Jump In PAT: Heavy Buying In This Multibagger Auto Stock; Hit Upper Circuit & 52-Week High

The stock is up by 66.22 per cent from its 52-week low of Rs 505.35 per share and gave multibagger returns of 330 per cent in 2 years.

On Thursday, shares of Banco Products (India) Ltd hit a 20 per cent upper circuit and made a new 52-week high of Rs 840 per share from its previous closing of Rs 700 per share. The shares of the company saw a spurt in volume by more than 14.40 times on BSE.

Banco Products (India) Ltd. has announced a significant development for its shareholders. The company's Board has approved the issuance of bonus shares in a 1:1 ratio. This means that eligible shareholders will receive one new fully paid-up equity share of Rs 2 for every one existing fully paid-up equity share they hold. The record date for determining eligibility will be announced at a later date.

According to Quarterly Results, the net sales increased by 24 per cent to Rs 894.93 crore and net profit increased by 110 per cent to Rs 138.70 crore in Q2FY25 compared to Q2FY24.

Banco Products (India) Ltd., a leading manufacturer and supplier of innovative engine cooling solutions, has been a trusted name since 1961. Under the expert guidance of Mr. Mehul K. Patel, the company continues to provide cutting-edge products for both domestic and international markets. Their diverse range of cooling modules, including radiators, charge air coolers, and more, are essential for optimizing the performance and efficiency of both traditional and electric vehicles. From passenger cars to heavy-duty trucks, Banco Products delivers high-quality solutions that meet the evolving needs of the automotive industry.

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The company has a market cap of over Rs 5,100 crore and has delivered good profit growth of 31.9 per cent CAGR over the last 5 years with a healthy dividend payout of 71.1 per cent. The shares of the company have a PE of 19x, an ROE of 27 per cent and an ROCE of 27 per cent. The stock is up by 66.22 per cent from its 52-week low of Rs 505.35 per share and gave multibagger returns of 330 per cent in 2 years.

Disclaimer: The article is for informational purposes only and not investment advice.

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