Stock market analyst Gaurang Shah of Geojit BNP Paribas is of the view that investors can 'hold' Banco Products (India) Ltd stock to achieve a target between Rs 112-116.

According to Mr. Shah, the investors can hold the stock with a stop loss of Rs 90.

Today, the stock opened at Rs 72.20 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 118.35 and a low of Rs 66.90 on BSE.

Current EPS & P/E ratio stood at 3.31 and 21.51 respectively.

Banco Products (India) has announced a phenomenal growth of 99.79% in its standalone net profit for the three month period ended March 2010.

During the period under review, the company's profit stood at Rs 220.08 million as compared to Rs 110.17 million during the corresponding quarter last year.

The company's net sales during the quarter ended March 31 climbed up by 99.82% to Rs 1,200.25 million.

It recorded an increase of 95.65% in its total income, which stood at Rs 1,224.53 million, when compared with the prior year period.

It company's EPS was Rs 3.08 (a share) in the quarter, registering 100.00% growth over previous year period.

Banco Products is a top supplier of best quality engine cooling components and engine sealing gaskets to the automotive business for more than four decades. The company provides a complete array of radiators, intercoolers, oil-coolers and all types of engine gaskets.