Bosch trades marginally higher on planning to invest over Rs 1000 crore in localisation of advanced auto tech
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Bosch is currently trading at Rs. 16615.55, up by 24.60 points or 0.15% from its previous closing of Rs. 16590.95 on the BSE.
The scrip opened at Rs. 16645.75 and has touched a high and low of Rs. 16689.65 and Rs. 16559.40 respectively. So far 258 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 19244.50 on 10-Nov-2021 and a 52 week low of Rs. 13227.40 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 17015.55 and Rs. 16441.45 respectively. The current market cap of the company is Rs. 49223.85 crore.
The promoters holding in the company stood at 70.54%, while Institutions and Non-Institutions held 20.13% and 9.32% respectively.
Bosch is all set to invest more than Rs 1,000 crore in the localisation of advanced automotive technologies over the next five years. The company also launched its mobility marketplace to provide its mobility-related assets under one platform. The company will continue to invest heavily in India to expand its portfolio close to seven per cent of total net sales.
Backed by the biggest R&D team outside Germany - Bosch's Beyond Mobility business works to the highest international standards of manufacturing, product, and service quality to formulate indigenous, affordable, and India-specific innovations.
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.
