Bosch drops after declaring Q3 result

Bosch lost 2.29% to Rs 16,589 at 14:12 IST on BSE after the company declared Q3 December 2015 result during market hours today, 5 February 2016.

Meanwhile, the BSE Sensex was up 174.56 points, or 0.72%, to 24,512.99

On BSE, so far 11,911 shares were traded in the counter, compared with an average volume of 1,890 shares in the past one quarter. The stock hit a low of Rs 16,501 in intraday trade so far, which is also a 52-week low for the counter. The stock hit a high of Rs 17,646 so far during the day. The stock hit a record high of Rs 27,989.25 on 20 March 2015. The stock had underperformed the market over the past one month till 4 February 2016, falling 9.88% compared with 5.01% decline in the Sensex. The scrip also underperformed the market in past one quarter, falling 16.18% as against Sensex's 8.34% fall.

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

Bosch's net profit rose 99.12% to Rs 220.77 crore on 12.7% growth in total income to Rs 2786.08 crore in Q3 December 2015 over Q3 December 2014.

In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end-to-end engineering and technology solutions. Bosch is the flagship company of the Bosch Group.

Powered by Capital Market - Live News