Smart quarterly nos lift Bosch stock over 6 pc to hit 1-year high

MUMBAI: The scrip of auto component maker Bosch today jumped by over 6 per cent to touch a one-year high on the bourses after the company reported 35.45 per cent increase in net profit for the quarter ended March 31, 2011.

Boosted by the strong numbers, the stock rose by 5.07 per cent to close the day at Rs 6,969.80 on the Bombay Stock Exchange (BSE). In intra-day trade, shares of the company shot-up by 6.1 per cent to touch a 52-week high of Rs 7,038.

On the National Stock Exchange also, Bosch's counter attracted buyers and the scrip climbed 4.67 per cent to settle the day at Rs 6950.

In terms volume, over 72,988 shares of the company were traded on the two bourses.

Bosch Ltd today reported 35.45 per cent jump in net profit for the quarter ended March 31, 2011 to Rs 274.39 crore.

The company, which follows January-December fiscal, had posted a net profit of Rs 202.57 crore in the corresponding quarter in the previous fiscal.

Meanwhile, the BSE 30-share key index Sensex closed the day with a loss of 96.66 points at 19,448.69.