India's Bosch gains after Q4 profit rise

BOSCH

27/05/2024 09:42

** Shares of India's Bosch  BOSH.NS  up as much as 4.5% to
hit record high 32,229.50 rupees
    ** Stock trims some gains to last trade 3.1% higher    
    ** Local arm of German automotive supplier Robert Bosch GmbH
reported ~42% rise in Q4 net profit after market close on
Friday, on higher demand for its products such as auto parts and
accessories 
    ** BOSH snapped three straight weeks of gains at the end of
Friday's session, closing 0.6% lower for the week
    ** Trading vols at 1.8x the 30-day avg 
    ** YTD, stock has gained ~43% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))