News for Banco Products (India) Limited (BANCOINDIA.BO)

More than 500 companies across all sectors will be revealing their third quarter financial results next week.

A total of 14 other stocks delivered 250-300 per cent returns. They included Zen Technologies Ltd, Transformers & Rectifiers (India) Ltd, Newgen Software Technologies Ltd, and Apollo Micro Systems Ltd.

Banco Products Limited informed that Mr. Kiran Kumar Shetty, President- Operations of the Company has tendered his resignation on 21 October, 2023 and he will be relieved from the services of the...

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Banco Products India Ltd.’s shares rose 1.09% after NRF opened a new 12,700 sq. m. facility in Valencia, Spain. This expansion doubles their warehouse space from 6,400 sq. m. and will enable better inventory mgmt., order processing, and customer service. The relocation is set for Feb. 1, 2024. Shares rose to ₹504 at 10.20 a.m. on the BSE.

.Vedanta Ltd board approves demerger plan into 5 entities in 1:1 vertical split. Investors will get 5 shares in Vedanta Aluminium, Oil & Gas, Power, Steel & Ferrous Materials, and Base Metals for each share held in Vedanta. Process to take 12-15 months to materialise; stocks to react to auto sales figures; Paushak Ltd to undertake shutdown of facilities; Bhageria Industries Ltd receives LoA for Solar EPC works; Apollo Micro Systems Ltd to set up defence equipment mfg facility; NRF to expand warehouse capacity in Spain; KVTL commissioned; Aurobindo Pharma completes business transfer agreements; NTPC declares Talaipalli Coal Mining Project on commercial operation; SIB appoints PR Seshadri as MD & CEO; Kalpataru Projects Int'l secures orders worth Rs 1,016 cr; RVNL lowest bidder for dist infra project; Bondada Engg. Ltd receives order from Hinduja Renewables; Indus Towers signs agreement with IOC Phinergy; Jost's Engg. Co. Ltd receives LOI from RRVPNL; PTC India's MD & CEO term ends.

Sensex, Nifty updates on 03 October 2023 – Indian shares closed lower on Tuesday, dragged by auto stocks on mixed sales data in September, while concerns over elevated interest rates also weighed on sentiment. The NSE Nifty 50 index settled 0.56 per cent down at 19,528.75, while the S&P BSE Sensex fell 0.48 per cent to 65,512.10. Auto stocks fell 1.20 per cent, dragged by Eicher Motors shedding 2.68 per cent, among the most on the blue-chip Nifty 50, after its September motorcycle sales fell 4 per cent.

For Nifty the crucial support zone on the downside is placed at 19350 – 19290 and on the upside, resistance is placed at 19530 – 19500.

Foreign institutional investors (FIIs) sold equities worth Rs 4,702.06 crore, while domestic institutional investors (DIIs) bought equities worth Rs 2,224.3 crore in this week.

Foreign institutional investors sold equities worth Rs 15,862.48 crore, while their local peers, the domestic institutional investors, balanced it by picking up Rs 15,988.29 crore of equities during the week

The company declared its first dividend in July 2001 and maintained a good track record of dividends over the year. It has declared 29 dividends in 21 years. Out of all the 29 declared dividends, 8 were Interim dividends and 21 were final dividends including the recent one. Last year, the company also declared a final dividend of 100% amounting to Rs 2 per share.