Bosch hits over 10-month high; stock surges 16% in two days

The stock rallied 9% to Rs 21,881 on Thursday extending its Wednesday's 6.5% rally on the BSE in an otherwise subdued market.

Shares of Bosch hit an over 10-month high of Rs 21,881, up 9% on Thursday in intra-day trade, extending its Wednesday’s 6.5% rally on the BSE in an otherwise subdued market.

The stock of the auto ancillary company was trading at its highest level since October 18, 2017. It touched a 52-week high of Rs 22,600 on September 5, 2017, on the BSE in intra-day trade.

Bosch had reported 42.4% year on year (YoY) growth in net profit at Rs 4.31 billion in the first quarter of fiscal 2018-19 (Q1FY19). Operation revenue during the quarter grew 21.3% at