Bonus Issue On Nov 13 After Rs 20 Dividend: Small Cap Auto Ancillaries Stock Jumps 6.78%

Small cap company from auto ancillaries sector, Banco Products (India) Ltd shares gained 6.78% after the company informed about its upcoming meeting of Board of Directors to consider the proposal of bonus shares. Last trading price of Banco Products shares on BSE is Rs 694.50 per share. The company's market capitalisation stood at Rs 4978.77 crore. The Board of Banco Products will hold meeting on November 13, 2024 to consider financial results for the quarter and period ended September 30, 2024. Banco Products also recommended an attractive dividend of Rs 20/- per share this year and fixed February 16, 2024 as the record date. Check details below:

Banco Products To Consider Proposal of Bonus Issue, Quarterly Results:

As per the exchange filing of Banco Products dated October 29, 2024, "the Board Meeting of Banco Products (India) Limited is scheduled to be held on Wednesday, 13th November, 2024 to consider the following business:

1. To consider the Standalone and Consolidated Un-Audited Financial Results for the Quarter and Period ended 30th September, 2024 and;

2. To consider and recommend to the Shareholders for their approval, issue of Bonus Shares to the equity Shareholders by capitalization of reserves."

Banco Products Shares Performance:

The 52-week high price of Banco Products is Rs 798.00 per share (as on 29/07/2024) and 52-week low price is Rs 441.65 per share (as on 30/10/2023), respectively. Banco Products shares gained over 4% in last 1-week, fell 8% in last 3-months, offered return of 52% in last 1-year, and surged 268% in last 2-years. In last 5-years, Banco Products shares rallied 515%.

Banco Products Declares Dividend In 2024:

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 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.