Banco Products (I) Ltd: Value and Growth Stocks

Banco Products are involved in Gasket, Cooling system, Sealing Gasket, and other rubber products for Auto sector. It is in Auto Ancillary space. Around 80% of the money comes from Commercial Vehicle. Commercial vehicle demand will pick up after cars and bike. So, this stock has not moved much. But recently it has started rallying.

Current Market price is Rs. 153. Its PE is less than industry PE. Even in bad market condition, the company has showed good performance on sales front. Now, economy is reviving world over and Indian industry will revive then Commercial Vehicle demand will pick up. The types of products Banco Products produce, has lots of demand in maintenance as well. So, now you will see activity in this counter targeting next quarterly result.

Here is a detail report on Banco Products by Geojit.

Banco Products (I) Ltd : Value and Growth Stock

This stock "Banco Products (I) Ltd" is from Auto Sector. Auto sector is going to review. Already sign is positive in this sector.
The company produce cooling systems, sealing gaskets, jointing gaskets and sheets and rubber products. The company's profit margin is good and it is making good profit already. Seeing so much upside in Auto Sector and this company's profile, this stock is a value stock with good prospect in future.