Introduction
In this article, we will discuss an auto company in the stock market that has provided strong returns to its investors in a short period of time. We will reveal the name of the company and provide information about its returns.
Stock Name and Returns
The auto company we are referring to is Banco Products (India) Ltd. The company’s shares have proven to be a multibagger, doubling the money of its investors in the last 6 months. The stock price has increased from Rs.235.80 to Rs.483, giving a return of 104.83% in this period.
Business Model of the Company
Banco Products (India) Ltd. is engaged in manufacturing and supplying Engine Cooling Modules and Systems for automotive and industrial applications in both domestic and international markets. The company has a market cap of ₹3,443 Cr. and a current price of ₹481. It has a high/low range of ₹514/177 and a stock P/E of 12.8. The company’s sales growth is 22.1% and it has a profit after tax of ₹270 Cr.
Condition of Shares
In the last 5 years, the company’s shares have seen a rise of 113%. In the last 1 year and 6 months, the shares have increased by 113% and 104% respectively. In the last month, there has been a 46% increase. Currently, the stock is trading at ₹483.
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