Banco Products is a well-known company for its consistent dividend payments. With a market cap of around INR 5,000 crore, Banco Products has regularly issued dividends exceeding INR 20 per share annually. In February 2024, it gave its highest dividend yet, at INR 20 per share, following payouts of INR 14 and INR 8 per share in 2023.
Overview of Banco Products
Banco Products, established in 1961, specializes in automotive ancillary products, including radiators and other related items. The company has demonstrated remarkable stock growth, rising from INR 70 to over INR 730 in the past four years.
Key Announcements and Financial Highlights
- Dividend Payouts: Known for high dividends, Banco Products paid its highest-ever dividend of INR 20 per share in February 2024.
- Bonus Shares: During the board meeting on November 13, Banco Products approved a 1:1 bonus share issuance, reflecting the company’s commitment to rewarding shareholders.
- Promoter Holding: The promoters maintain a 67.88% stake in the company, with no changes over the last five quarters.
Foreign Institutional Investment (FII) Trends
Foreign Institutional Investors (FIIs) have shown increasing interest in Banco Products. In 2023, FII holding was 2.07%, rising to 3.08% by September 2024. However, there was a slight decline from 3.21% in Q1 to 3.08% in Q2 of the current fiscal year.
Stock Performance Summary
| Metric | Details |
|---|---|
| Current Price | INR 708.00 (-3.68%) |
| Open | INR 725.05 |
| High | INR 725.70 |
| Low | INR 695.00 |
| Market Cap | INR 5,060 crore |
| P/E Ratio | 18.67 |
| Dividend Yield | 4.80% |
| 52-Week High | INR 799.15 |
| 52-Week Low | INR 512.00 |
Investment Outlook
Banco Products has a strong record of high dividend yields, with steady stock growth and recent bonus share issues. The company’s solid market position and consistent FII interest make it an attractive option for dividend-focused investors.
Disclaimer: Investments in mutual funds and the stock market are subject to risk. Consult your financial advisor before making investment decisions
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