Bosch shares jump 3.5% despite Rs 96 crore customs hit

Bosch shares surged nearly 3.5% following a regulatory disclosure regarding a customs order. The company faces a duty demand and penalty totaling Rs 96 crore related to import duty benefits and incorrect classification of automotive components. Despite this financial impact, strong investor interest propelled the stock, with technical indicators suggesting it may be overbought.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Read more at the source

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *