Bosch reverses direction after scaling record high

Bosch fell 1.76% to Rs 24,918.50 at 15:11 IST on BSE after net profit declined 20.21% to Rs 110.88 crore on 13% rise in total income to Rs 2548.50 crore in Q4 December 2014 over Q4 December 2013.

The Q4 result was announced during market hours today, 13 February 2015.

Meanwhile, the S&P BSE Sensex was up 290.67 points or 1.01% at 29,095.77

On BSE, so far 17,960 shares were traded in the counter as against average daily volume of 3,631 shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 26,583.90, also a record high for the stock. The stock hit a low of Rs 24,600.10 so far during the day. The stock had hit a 52-week low of Rs 8,875 on 14 February 2014.

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

Bosch said that Q4 December 2014 net profit was hit by an exceptional item of Rs 28.04 crore representing one time changes in retirement benefits consequent to wage settlement during the period.

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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