Bosch soared 15.08% to Rs 4201 at 10:21 IST on BSE after the company said its board will meet on 2 September 2008 to consider a share buyback.
The company made the announcement after market hours on Monday, 25 August 2008.
The stock hit a high of Rs 4294.95 and a low of Rs 4200 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 3252.20 on 22 January 2008.
The mid-cap auto part maker has an equity capital of Rs 32.05 crore. Face value per share is Rs 10.
The current price of Rs 4201 discounts its Q2 June 2008 annualised EPS of Rs 274.22, by a PE multiple of 15.31.
Bosch’s net profit rose 33.8% to Rs 219.72 crore on a 13.1% rise in sales to Rs 1221.08 crore in Q2 June 2008 over Q2 June 2007.
Bosch, formerly Motor Industries 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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