Shares of Banco Products (India) Ltd are scheduled to trade as ex-bonus stock on December 30. The company has again decided to give bonus shares to its investors after 17 years. This time the bank has announced to give bonus shares in the ratio of 1:1, that is, one additional share will be given for every share. On Friday, the company’s shares closed at Rs 1057 on BSE with a jump of 5.81%.
Decision to give bonus again after 2007
The company had earlier given bonus shares to investors in 2007. Even then the bonus was given in the ratio of 1:1 only. Now after 17 years, the company has again decided to provide this benefit to the investors, due to which enthusiasm is being seen among the investors associated with it for a long time.
Investors are continuously getting benefits
Banco Limited is continuously providing benefits to its investors.
- Dividend in 2023: The company paid a dividend of Rs 20 on one share this year.
- Dividend in 2021 and 2022 also: The company also provided dividends to eligible investors in the last two years.
- Profit of last 5 years: Investors holding shares of the company have got more than 900% returns in the last five years.
Share price and performance
Shares of Banco Products have registered an increase of more than 60% in the last one year.
- 52-week high: Rs 1189.60
- 52-week low: Rs 505.35
- Market cap: Over Rs 75,000 crore
Company establishment and business
Banco Products (India) Limited was established in 1961. The company is primarily engaged in manufacturing and supplying Engine Cooling Systems and Sealing Systems. Its customers are major automobile and engineering companies, including:
- Force Motors
- Godrej
- Eicher Motors
- Ashok Leyland
- BEML
- Tata Motors
- TVS Motors
What is the opportunity for investors?
The continuous rise in the shares of Banco Products and the decision of bonus shares has made it attractive for investors. Over the years, the company has given generous returns to its shareholders through dividends and bonuses. If you want to invest for the long term, this stock can be a great option for your portfolio.
