Bosch spurts on foraying into thermo technology

16 Jan 2013 Evaluate

Bosch is currently trading at Rs 9200.00, up by 91.00 points or 1.00% from its previous closing of Rs 9109.00 on the BSE.

The scrip opened at Rs 9170.00 and has touched a high and low of Rs 9200.00 and Rs 9170.00 respectively. So far 12 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 9590.00 on 31-Dec-2012 and a 52 week low of Rs 7100.00 on 19-Jan-2012.

Last one week high and low of the scrip stood at Rs 9420.00 and Rs. 9049.95 respectively. The current market cap of the company is Rs 28601.26 crore.

The promoters holding in the company stood at 71.18% while Institutions and Non-Institutions held 18.45% and 10.37% respectively.

Bosch, German automotive component maker, has launched Bosch Thermotechnik (TT), a division which will start operations with the manufacture of solar flag plate collectors at a new unit in Bangalore. Through this initiative company has entered into thermo technology segment and invested nearly Euro 1.5 million to establish the Bangalore unit.

The company which provides goods and services in automotive, industrial and building technologies will dispatch the first products later this month. It is targeting the builder segment for the solar flag plates. By establishing a dealer network and key account management with large builders, on the solar front Bosch TT expects to do a turnover of Rs 21 crore during this 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

31472.15 -186.45 (-0.59%)
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