Bosch declines after dull Q1 results

Bosch lost 2.07% to Rs 24,227.95 at 12:46 IST on BSE after net profit rose 0.8% to Rs 378.72 crore on 10.5% growth in total income to Rs 2698.43 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 12 August 2016.

Meanwhile, the S&P BSE Sensex was up 260.31 points or 0.93% at 28,119.91.

On BSE, so far 2,701 shares were traded in the counter as against average daily volume of 1,993 shares in the past one quarter. The stock was volatile. The stock lost as much as 3.11% at the day's low of Rs 23,970 so far during the day. The stock rose as much as 1.77% at the day's high of Rs 25,180 so far during the day. The stock had hit a 52-week high of Rs 26,600 on 12 August 2015. The stock had hit a 52-week low of Rs 15,752.65 on 12 February 2016. The stock had outperformed the market over the past one month till 11 August 2016, advancing 6.17% compared with 0.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 23.76% as against Sensex's 8.84% rise.

The large-cap company has equity capital of Rs 31.40 crore. Face value per share is Rs 10.

In India, Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Bosch Limited is the flagship company of the Bosch Group in India.

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