Bosch soars 12% in a subdued market on heavy volumes; hits over 2-year high

Analysts at Motilal Oswal Financial Services expect growth in Bosch to rebound faster on account of the revival of the commercial vehicle (CV) cycle and addition of the 2W segment

Shares of Bosch rallied 12 per cent, hitting an over two-year high of Rs 17,333, on the BSE in the intra-day on Wednesday in an otherwise subdued market on expectation of demand improvement going-forward.

At 01:15 pm, the stock was up 11 per cent at Rs 17,140, as compared to a 0.25-per cent decline in the S&P BSE Sensex at 59,565 points. Trading volumes on the counter jumped over 7-fold with a combined around 450,000 shares having changed hands on the NSE and BSE. In the past two weeks, an average sub 100,000 shares were traded on the counter.