Banco Products India declined 5.41% to Rs 19.25 at 10:50 IST on BSE, on its decision to reduce the number of working days of operations due the slowdown in automobile industry.
The company made this announcement after trading hours on Thursday, 20 November 2008.
The stock hit a high of Rs 20.50 so far during the day. The stock hit a low of Rs 19.05 so far during the day, which is a 52-week low for the counter. The stock has a 52-week high of Rs 51.70 on 3 January 2008.
The company's current equity is Rs 14.20 crore. Face value per share is Rs 2.
The current price of Rs 19.25 discounts the company's Q2 September 2008 annualized EPS of Rs 5.96, by a PE multiple of 3.23.
Automobile industry is the user industry for the company's products. It is engaged in manufacturing and selling automobile ancillaries. It manufactures gaskets and radiators, which are used in sealing and cooling applications in automotive and industrial engines.
Banco Products India's net profit rose 11.5% to Rs 10.58 crore on 15.2% increase in net sales to Rs 79.97 crore in Q2 September 2008 over Q2 September 2007.
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