Bosch rises on reporting 22% rise in Q2 net profit

     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.
     The company’s net profit for the quarter has surged 21.85% at Rs 306.68 crore as compared to Rs 251.68 crore for the quarter ended June 30, 2013. Its total income has increased by 4.05% to Rs 2492.19 crore for the quarter under review from Rs 2395.10 crore for the corresponding quarter of the previous year
     The promoters holding in the company stood at 71.18% while Institutions and Non-Institutions held 18.88% and 9.94% respectively.
     The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs. 14020.00 on 06-Aug-2014 and a 52 week low of Rs. 8000.00 on 20-Aug-2013.
     The scrip opened at Rs 13691.15 and has touched a high and low of Rs 14044.00 and Rs 13500.00 respectively. So far 3512 shares were traded on the counter.
     Bosch is currently trading at Rs 13579.00, up by 27.40 points or 0.20% from its previous closing of Rs. 13551.60 on the BSE.