Bosch ( MICO) skids

Bosch dropped 3.23% to Rs 3847 at 11:45 IST on BSE, despite posting 91.52% surge in net profit to Rs 124.41 crore in Q4 December 2007 over Q4 December 2006.

The company announced the results before trading hours today, 7 March 2008.

On BSE, 385 shares were traded in the counter. The scrip had an average daily volume of 4,548 shares in the past one quarter.

The stock hit a high of Rs 3950 and a low of Rs 3800 far during the day. The stock had a 52-week high of Rs 5880 on 4 December 2007 and a 52-week low of Rs 3030 on 19 March 2007.

The mid-cap scrip had outperformed the market over the past one month till 5 March 2008, gaining 1.39% compared to the Sensex’s fall of 11.37%. It had underperformed the market in the past one quarter, declining 23.01% compared to Sensex’s decline of 16.44%.

The company’s current equity is Rs 32.05 crore. Face value per share is Rs 10.

The current price of Rs 3847 discounts Q4 December 2007 annualized EPS of Rs 155.27 by a PE multiple of 24.78.

Bosch’s total income rose 17.50% to Rs 1241.87 crore in Q4 December 2007 over Q4 December 2006.

The company is engaged in manufacturing automotive products and non-automotive products such as industrial equipments and consumer goods. Products include industrial equipment, auto electrical equipment, gear pumps for tractor applications, electric power tools, packaging machines, security technology products and blaupunkt car multimedia systems.