Bosch Hits 52-Week Low On Poor Q1 Results - Dollar Advisory Services : Best Research Advisory Firm

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Wednesday, August 14, 2019

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Bosch Hits 52-Week Low On Poor Q1 Results

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Shares of Bosch touched its 52-week low, falling over 3 percent in early trade on August 14 after the company reported dismal numbers quarter ended June 2019. Bosch reported a 35 percent fall in its Q1 FY20 net profit at Rs 280 crore which include one-time loss of Rs 82.1 crore. The company had posted a profit of Rs 431 crore in the corresponding quarter of the last fiscal. The firm cut FY20/21 EPS estimates by 15/17 percent and said it is a preferred pick to play changing regulatory and tech landscape. 

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