Bosch gains as the stock becomes a constituent of the Nifty

Bosch rose 2.65% to Rs 23,650 at 15:27 IST on BSE after shares of the auto component major replaced shares of infrastructure finance major IDFC in the 50-unit CNX Nifty index from today, 29 May 2015.

Shares of IDFC rose 0.85% to Rs 154.60.

Meanwhile, the S&P BSE Sensex was up 338.20 points or 1.23% at 27,845.50

On BSE, so far 8,406 shares of Bosch were traded in the counter as against average daily volume of 2,411 shares in the past one quarter.

The stock hit a high of Rs 23,873.65 and a low of Rs 22,440 so far during the day. The stock had hit a 52-week low of Rs 11,700 on 17 June 2014. The stock had hit a record high of Rs 27,989.25 on 20 March 2015.

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

Bosch's net profit fell 11.9% to Rs 287.45 crore on 2.5% decline in total income to Rs 2521.65 crore in the quarter ended 31 March 2015 over the quarter ended 31 March 2014. Bosch's current financial year is for 15 months i.e., from 1 January 2014 to 31 March 2015. Hence current period's figures are not comparable to those of the previous period. The result was declared during market hours today, 29 May 2015.

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.

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