Bosch turns highly volatile after declaring Q1 results

Bosch fell 0.2% to Rs 25,951.10 at 12:35 IST on BSE after net profit rose 12.08% to Rs 343.74 crore on 8.3% growth in total income to Rs 2664.52 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 11 August 2015.

Meanwhile, the S&P BSE Sensex was down 126.04 points or 0.45% at 27,975.68.

On BSE, so far 5,288 shares were traded in the counter as against average daily volume of 2,030 shares in the past one quarter.

The stock was volatile. The stock fell as much as 2.31% at the day's low of Rs 25,401 so far during the day. The stock rose as much as 1.29% at the day's high of Rs 26,340.30 so far during the day. The stock had hit a record high of Rs 27,989.25 on 20 March 2015. The stock had hit a 52-week low of Rs 13,350 on 13 August 2014.

The stock had outperformed the market over the past one month till 10 August 2015, surging 12.9% compared with the Sensex's 1.59% rise. The scrip had also outperformed the market in past one quarter, jumping 20.23% as against Sensex's 3.68% rise.

The large-cap firm has 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.

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