| Hot Pursuit | Monday, May 07, 2012 13:40 Hrs IST |
|
Bosch inches up after strong Q1 earnings Bosch rose 0.19% to Rs 8,590 at 13:39 IST on BSE after net profit rose 22.38% to Rs 335.82 crore on 10.23% growth in total income to Rs 2311.81 crore in Q1 March 2012 over Q1 March 2011.
The company announced the results during trading hours today, 7 May 2012. Meanwhile, the BSE Sensex was down 214.70 points or 1.28% to 16,616.38. On BSE, 1,520 shares were traded in the counter as against average daily volume of 1,689 shares over the past one quarter. The stock hit a high of Rs 8,751.25 and low of Rs 8,500.15 so far during the day. The stock had hit a record high of Rs 9,000 on 30 March 2012. The stock had hit a 52-week low of Rs 6,425 on 19 December 2011. The large-cap stock had outperformed the market over the past one month till 4 May 2012, rising 4.63% compared with the Sensex's 3.75% fall. The scrip had also outperformed the market in past one quarter, surging 16.15% as against Sensex's 4.4% fall. The company has an equity capital of Rs 31.40 crore. Face value per share is Rs 10. Commenting on the company's financial results for the first quarter, Mr. V. K. Viswanathan, Managing Director, Bosch, said: "The business conditions are quite challenging particularly for the auto industry due to varying levels of performance in different segments. The prediction of normal monsoon combined with expectation of falling inflation and declining interest rates, give us reasonable optimism for satisfactory performance of the company in 2012". Founded in 1951, Bosch is India's largest auto components manufacturer and also one of the largest Indo-German companies in India.
|
|
|||||||||||||||||||
|
|
|||||||||||||||||||||