Bosch hits fresh 52-week high on planning Rs 700 crore capex this year

09 May 2012 Evaluate

Bosch is currently trading at Rs. 9133.15, up by 144.00 points or 1.60% from its previous closing of Rs. 8989.15 on the BSE.

The scrip opened at Rs. 8901.00 and has touched a high and low of Rs. 9049.00 and Rs. 8901.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9138.20 on 09-May-2012 and a 52 week low of Rs. 6425.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 9190.00 and Rs. 8500.00 respectively. The current market cap of the company is Rs. 28211.60 crore.

The promoters holding in the company stood at 71.18% while Institutions and Non-Institutions held 18.77% and 10.05% respectively.

Bosch, auto components major is likely to incur Rs 700 crore of capital expenditure this year as it expects a revival in growth of the automotive industry in the second half of the current year. The company plans further capital expenditure of Rs 600 crore next year. The company today has 500 service stations and plans to add around 50 more each year for the coming few years.

In 2011, the company achieved a turnover of Rs 8,163 crore and a net profit of Rs 1,123 crore. In the first quarter of 2012, Bosch’s turnover was Rs 2,295 crore and net profit Rs 336 crore, which were 10% and 22% higher respectively over the corresponding quarter of last year.

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.

Bosch Share Price

31340.05 151.25 (0.48%)
12-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 165.70
TVS Holdings 11939.15
Bosch 31340.05
UNO Minda 995.00
Varroc Engineering 680.85
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