Tuesday, July 29, 2008

Bosch speeds up on strong quarterly earnings

Bosch gained 1.35% to Rs 3750 at 11:05 IST on BSE after the company reported 33.8% surge in net profit to Rs 219.72 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results after trading hours on Monday, 28 July 2008.
The stock hit a high of Rs 3784 and a low of Rs 3710.05 so 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 3252 on 22 January 2008.
From a recent low of Rs 3681 on 21 July 2008, the stock rose 0.52% to Rs 3700.05 on 28 July 2008.
The company has an equity capital of Rs 32.05 crore. Face value per share is Rs 10.
The current price of Rs 3750 discounts its Q2 June 2008 annualised EPS of Rs 274.22, by a PE multiple of 13.68.
Bosch reported 11.7% increase in net sales to Rs 1221.08 crore in Q2 June 2008 over Q2 June 2007.
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.

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