Bosch gains on getting nod to incorporate WOS

17 Mar 2020 Evaluate

Bosch is currently trading at Rs. 11150.00, up by 75.20 points or 0.68% from its previous closing of Rs. 11074.80 on the BSE.

The scrip opened at Rs. 11160.00 and has touched a high and low of Rs. 11375.25 and Rs. 11067.00 respectively. So far 347 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 18509.55 on 19-Mar-2019 and a 52 week low of Rs. 9800.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 12508.20 and Rs. 9800.00 respectively. The current market cap of the company is Rs. 33052.93 crore.

The promoters holding in the company stood at 70.54%, while Institutions and Non-Institutions held 20.72% and 8.73% respectively.

Bosch has received an approval from its Board to incorporate a wholly owned subsidiary (WOS) namely ‘Robert Bosch Technology’. The incorporation of the wholly owned subsidiary will leverage the growth opportunities in the evolving mobility space and will help the Company in becoming more agile and customer-focused.

The proposed wholly owned subsidiary company to be incorporated in India shall carry out business in the field of automotive products.

Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology in India. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions.

 

Bosch Share Price

29581.00 -786.30 (-2.59%)
27-Jan-2025 11:37 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 137.00
TVS Holdings 9204.80
Bosch 29581.00
UNO Minda 895.45
Endurance Tech 2001.70
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