Banco Products (India) Ltd shares rose by 6.78% to ₹694.50 on the BSE after the company announced an upcoming Board of Directors meeting scheduled for November 13, 2024. During this meeting, the board will consider the proposal for issuing bonus shares and review the financial results for the quarter ending September 30, 2024. The company’s market capitalization is ₹4,978.77 crore.
Key Details:
- Bonus Shares Proposal: The board will evaluate the issuance of bonus shares, which will be funded by capitalizing reserves.
- Attractive Dividend: Banco Products declared an interim dividend of ₹20 per share (1,000% on a face value of ₹2), with February 16, 2024, set as the record date for payment.
- Share Performance:
- 52-Week High/Low: The shares reached a high of ₹798.00 on July 29, 2024, and a low of ₹441.65 on October 30, 2023.
- Recent Trends:
- Gained 4% in the last week.
- Declined 8% over the past three months.
- Gained 52% year-on-year.
- Surged 268% over the last two years.
- Increased by 515% over the past five years.
Banco Products has been a prominent player in the engine cooling and sealing systems sector since its establishment in 1961. The positive response from investors regarding the potential bonus shares and the significant dividend highlights the market’s confidence in the company’s ongoing performance and future growth prospects.
Disclaimer: This information is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
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