Bosch surges on reporting 26% jump in Q1 net

Bosch is currently trading at Rs. 10720.00, up by 297.65 points or 2.86% from its previous closing of Rs 10422.35 on the BSE. The scrip opened at Rs 10394.30 and has touched a high and low of Rs. 10730.00 and Rs 10270.00 respectively. So far 2604 shares were traded on the counter. The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 11500.00 on 26-Dec-2013 and a 52 week low of Rs. 8000.00 on 20-Aug-2013. Last one week high and low of the scrip stood at Rs 10500.00 and Rs 10100.00 respectively. The current market cap of the company is Rs 32952.83 crore. The promoters holding in the company stood at 71.18% while Institutions and Non-Institutions held 18.91% and 9.91% respectively. Bosch has reported results for the first quarter ended March 31, 2014 The company has posted a rise of 25.60% in its net profit at Rs 326.29 crore for the quarter ended March 31, 2013 as compared to Rs 259.77 crore for the same quarter in the previous year. Total income of the company has increased by 12.82% at Rs 2592.75 crore for quarter under review as compared to Rs 2297.97 crore for the quarter ended March 31, 2013. Bosch is a major player in the diesel segment and 60% of its sales come from diesel segment. It is also among the larger suppliers of common rail direct injection (CRDI) systems in India. The company buys half of the components required for the CRDI systems (by value) locally.