Bosch shoots up due to share buyback plans

DALAL STREET SPIKES

The maker of auto-components, Bosch was the highest gainer in the Group A pack, rising 13.61 per cent to close at Rs 4,147.55 on share buyback plans. The company made the announcement after market hours on August 25. The Bangalore-based company's board will meet on September 2 to consider the matter.

The stock opened 15 per cent higher at Rs 4,200 and made an intraday high of Rs 4,294.95 and a low of Rs 4109.50. The counter witnessed volumes of 25,321 shares, about 21 times its two-week average, with delivery volumes of 70 per cent.