Bonus Issue On Nov 13: FII Backed Dividend King Auto Stock Rallies Ahead Of Board Meet

Small cap company from auto ancillaries sector, Banco Products (India) Ltd shares today on Bombay Stock Exchange rallied 3.05% and zoomed 6.34% as Board of Directors are scheduled to hold meeting on November 13 to consider bonus shares. Last trading price of Banco Products shares on BSE stood at Rs 758.50 per share. The company will also consider its financial results on November 13, 2024. The company's market capitalisation is Rs 5424.69 crore.

The company has been recommended dividend since 2001. In last 1-year, it recommended a dividend of Rs 20/share. FII/FPI have decreased holdings from 3.21% to 3.08% in September 2024 quarter. Number of FII/FPI investors increased from 76 to 93 in September 2024 quarter. Check details below:

Banco Products To Recommend Bonus Share On November 13

As per the exchange filing of Banco Products issued as on October 29, "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 Dividend History

Banco Products recommended 32 dividends since July 2, 2001. In last 1-year, Banco Products recommended an equity dividend amounting to Rs 20.00 per share. At the current share price of Rs 758.5000, Banco Products gives a dividend yield of 2.64%.
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 477.40 per share (as on 07/11/2023), respectively. Banco Products shares gained over 15% in last 2-weeks, surged 61% in last 1-year, and rose 575% in last 5-years.

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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