India's Banco Products set for best day in six months after Q4 profit doubles

Banco Products (India)

19/05/2025 08:11

** Banco Products (India)'s BNCO.NS shares rise 20% to the temporary exchange-allowed maximum of 494.5 rupees after Q4 results

** Stock on track for best day in about 6 months

** Engine systems manufacturer's Q4 net profit more than doubles y/y; revenue from operations rises 21% on strong demand

** Trading volume at 1.07 mln shares, nearly 5x 30-day avg

** Day's gains drive stock up nearly 66% in the last 12 months

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))