Buy Banco Products , target Rs 214.1 : Nirmal Bang Securities

Nirmal Bang Securities has buy call on Banco Products ( India) Ltd. with a target price of Rs 214.1 . The current market price of Banco Products (India) Ltd. is 211.0 Time period given by analyst is Intra Day when Banco Products (India) Ltd. price can reach defined target. Nirmal Bang Securities recommended to keep stoploss at Rs 208
Banco Products (India) Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of ₹ 1526.92 Cr.) operating in Auto Ancillaries sector.

Banco Products (India) Ltd. key Products/Revenue Segments include Aluminium Radiators which contributed ₹ 414.99 Cr to Sales Value (77.38 % of Total Sales), Copper Brass Radiators which contributed ₹ 109.69 Cr to Sales Value (20.45 % of Total Sales), Scrap which contributed ₹ 8.07 Cr to Sales Value (1.50 % of Total Sales), Others which contributed ₹ 2.16 Cr to Sales Value (0.40 % of Total Sales), Export Incentives which contributed ₹ 1.33 Cr to Sales Value (0.24 % of Total Sales)for the year ending 31-Mar-2016.