Bosch scales record high after reporting strong Q3 result

Bosch rose 0.53% to Rs 15,490 at 14:13 IST on BSE after the company said its net profit rose 30.78% to Rs 306.36 crore on 19.82% rise in total income to Rs 2676.43 crore in Q3 September 2014 over Q3 September 2013.

The Q3 result was announced during market hours today, 11 November 2014.

Meanwhile, the S&P BSE Sensex was up 8.58 points or 0.04% at 27,886.45.

On BSE, so far 2,215 shares were traded in the counter as against average daily volume of 1,020 shares in the past one quarter.

The stock hit a high of Rs 15,870.75, also a record high for the stock. The stock hit a low of Rs 15,350 so far during the day. The stock had hit a 52-week low of Rs 8,466.20 on 26 November 2013.

The stock had underperformed the market over the past one month till 10 November 2014, rising 4.9% compared with the Sensex's 6% rise. The scrip had, however, outperformed the market in past one quarter, gaining 13.7% as against Sensex's 10.05% rise.

The large-cap firm has an 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 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