Bosch announced that in order to align production with sales requirements, the Company at its various plants belonging toPowertrain Solutions division, would continue to observe 'No Production Days' ranging upto 10 days permonth per plant during the third quarter of the Financial Year 2019-2020.

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Bosch will hold a meeting of the Board of Directors of the Company on 6 November 2019.

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Bosch has executed a Business Transfer Agreement with Robert Bosch Packaging Technology India on 24 September 2019 for sale and transfer of the Packaging Machinery Business as a going concern and on a slump sale basis. The transaction will be effective from 30 September 2019.

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Bosch Ltd is up for a third straight session today. The stock is quoting at Rs 14015.35, up 1.51% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 11024. The Sensex is at 37208.84, up 0.61%. Bosch Ltd has gained around 3.59% in last one month.

Meanwhile, Nifty Auto index of which Bosch Ltd is a constituent, has gained around 4.13% in last one month and is currently quoting at 7102.45, up 0.51% on the day. The volume in the stock stood at 6604 shares today, compared to the daily average of 22831 shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 14059.5, up 1.34% on the day. Bosch Ltd is down 32.65% in last one year as compared to a 3.62% slide in NIFTY and a 34.17% slide in the Nifty Auto index.

The PE of the stock is 27.11 based on TTM earnings ending June 19.

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