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Bosch shifts gear after good Q3 earnings

Capital Market / 13:43 , Nov 08, 2011

Bosch rose 2.12% to Rs 7,150 at 13:40 IST on BSE after net profit rose 22% to Rs 288.10 crore on 15.4% growth in net sales to Rs 1969.46 crore in Q3 September 2011 over Q3 September 2010.

The company declared its results during trading hours today, 8 November 2011.

Meanwhile, the BSE Sensex was down 57.64 points, or 0.33% to 17,504.97.

On BSE, 2,393 shares were traded in the counter as against average daily volume of 880 shares over the past one quarter.

The stock hit a high of Rs 7,220 and low of Rs 7,002 so far during the day. The stock had hit a record high of Rs 7,480 on 19 July 2011. The stock had hit a 52-week low of Rs 5,855.05 on 11 February 2011.

The large-cap stock underperformed the market over the past one month till 4 November 2011, falling 0.66% compared with the Sensex's 10.7% gain. The scrip had, however, outperformed the market in past one quarter, declining 0.65% as against 0.74% decline in the Sensex.

The company has an equity capital of Rs 31.40 crore. Face value per share is Rs 10.

Founded in 1951, Bosch is India's largest auto components manufacturer and also one of the largest Indo-German companies in India.

 



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