The stock had dropped 4.8% to Rs 222.25 yesterday, 22 May 2017, ahead of the announcement of results. The stock has dropped 10.32% in two sessions to its ruling price of Rs 209.35 from a close of Rs 233.45 on 19 May 2017.

Meanwhile, the S&P BSE Sensex was down 160.30 points or 0.52% at 30,410.67. The S&P BSE Small-Cap index was down 314.33 points or 2.09% at 14,739.81.

On the BSE, 39,586 shares were traded on the counter so far as against the average daily volumes of 50,992 shares in the past one quarter. The stock had hit a high of Rs 219 and a low of Rs 204 so far during the day.

The stock had hit a record high of Rs 255.60 on 16 May 2017 and a 52-week low of Rs 125 on 25 May 2016. The stock had underperformed the market over the past one month till 22 May 2017, falling 3.05% compared with the Sensex's 4.11% rise. The scrip had, however, outperformed the market in past one quarter, rising 9.62% as against the Sensex's 5.91% rise.

The small-cap company has equity capital of Rs 14.30 crore. Face value per share is Rs 2.

Banco Products (India)'s board of directors recommended final dividend of Rs 4 per share for the financial year ended on 31 March 2017 (FY 2017).

Banco Products (India) is an auto component manufacturer and supplies engine cooling products and sealing gaskets.