Bosch gains after announcing Q4 results

Bosch rose 2.65% to Rs 23,400 at 13:53 IST on BSE after the company announced better-than-expected Q4 results during market hours today, 25 May 2017.

Meanwhile, the S&P BSE Sensex was up 209.31 points or 0.69% at 30,510.95.

On the BSE, 4,430 shares were traded on the counter so far as against the average daily volumes of 1,411 shares in the past one quarter. The stock had hit a high of Rs 24,056.80 and a low of Rs 22,600 so far during the day.

The stock had hit a 52-week high of Rs 25,649.95 on 10 August 2016 and a 52-week low of Rs 18,005 on 22 November 2016. It had underperformed the market over the past one month till 24 May 2017, advancing 1.38% compared with the Sensex's 2.18% rise. The scrip had also underperformed the market over the past one quarter, gaining 3.73% as against the Sensex's 4.88% rise.

The large-cap company has equity capital of Rs 30.52. Face value per share is Rs 10.

Bosch's net profit fell 10.21% to Rs 440.47 crore on 3.14% growth in total income from operations to Rs 2780.20 crore in Q4 March 2017 over Q4 March 2016.

Bosch's board of directors at its meeting held today, 25 May 2017, recommended a final dividend of Rs 90 per share for the year ended March 2017.

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 is the flagship company of the Bosch Group in India.

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