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.