Banco Products (India) Ltd Shows Positive Stock Performance, Outperforms Market in Short Term

Oct 29 2024 03:20 PM IST
share
Share Via
Banco Products (India) Ltd, a smallcap company in the auto ancillary industry, saw a positive trend in its stock performance on October 29, 2024. The stock gained 7.76% and closed at Rs. 735, outperforming the sector by 7.08%. Despite high volatility, the stock is currently trading above its moving averages and has a high dividend yield of 3.08%. It has also outperformed the market in the past day and month, indicating a strong performance.

Banco Products (India) Ltd, a smallcap company in the auto ancillary industry, saw a positive trend in its stock performance on October 29, 2024. The stock gained 7.76% and closed at Rs. 735, outperforming the sector by 7.08%. This comes after two consecutive days of fall, indicating a possible trend reversal.

The stock also saw high volatility today, with an intraday volatility of 8.89%. However, it is currently trading higher than its 5 day, 50 day, 100 day, and 200 day moving averages, but lower than its 20 day moving average. This suggests a mixed trend in the short term.

Investors may also be interested to know that Banco Products (India) Ltd has a high dividend yield of 3.08% at the current price. This could be a potential factor for those looking for stable returns.

In comparison to the overall market performance, Banco Products (India) Ltd has outperformed the Sensex by 7.53% in the past day and 3.38% in the past month. This indicates a strong performance by the company, despite the negative trend in the market.

Overall, Banco Products (India) Ltd has shown a positive trend in its stock performance, with a strong dividend yield and outperforming the market in the short term. Investors may want to keep an eye on this smallcap company in the auto ancillary industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News