Bosch gains as board to consider buyback proposal

Bosch rose 1.3% to Rs 20,112.40 at 09:27 IST on BSE after the company scheduled a board meeting on 5 November 2018 to consider the proposal for buyback of equity shares of the company.

The announcement was made after market hours yesterday, 31 October 2018.

Meanwhile, the S&P BSE Sensex was up 62.79 points or 0.18% at 34,504.84

On the BSE, 257 shares were traded on the counter so far as against the average daily volumes of 726 shares in the past two weeks. The stock had hit a high of Rs 20,436 and a low of Rs 20,100 so far during the day.

 

Bosch reported 42.42% rise in net profit to Rs 430.98 crore on 19.76% growth in total income to Rs 3326.81 crore in Q1 June 2018 over Q1 June 2017.

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

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