Bosch rose 1.29% to Rs 14,463.40 at 9:43 IST on BSE after the company said workers at Jaipur plant called off tool down strike from Wednesday, 20 August 2014.
The company made the announcement after trading hours on Wednesday, 20 August 2014.
Meanwhile, the BSE Sensex was up 40.19 points, or 0.15%, to 26,354.48.
On BSE, so far 367 shares were traded in the counter, compared with an average volume of 1,653 shares in the past one quarter.
The stock hit a high of Rs 14,550 so far during the day, which is also record high for the counter. The stock hit a low of Rs 14,300 so far during the day. The stock hit a 52-week low of Rs 8,045 on 28 August 2013.
The stock had outperformed the market over the past one month till 20 August 2014, rising 7.41% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.25% as against Sensex's 7.95% rise.
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The large-cap company has an equity capital of Rs 31.40 crore. Face value per share is Rs 10.
Workmen at Bosch's Jaipur plant had resorted to an illegal tool down strike from end of second shift of Monday, 18 August 2014, without giving any prior notice to the management. Efforts were made to resolve the matter with the union and restore normalcy. Work has resumed from second shift on 20 August 2014, the company said in a statement.
Net profit of Bosch rose 21.85% to Rs 306.68 crore on 3.61% rise in net sales to Rs 2354.61 crore in Q1 June 2014 over Q1 June 2013.
The Bosch Group is a leading global supplier of technology and services. Since the beginning of 2013, its operations have been divided into four business sectors: automotive technology, industrial technology, consumer goods and energy & building technology.
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