Bosch Ltd. shares down 0.6% as Sensex falls

Bosch Ltd. shares  down  0.6% as Sensex  falls

Shares of Ltd. fell 0.6 per cent to Rs 14447.05 in Monday’s session as of 01:41PM (IST) even as the equity benchmark Sensex traded 364.12 points lower at 49494.12.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 16900.0 and a 52-week low of Rs 7874.0 on NSE. Around 620 shares changed hands on the counter till 01:41PM (IST).

The stock opened at Rs 14500.0 and has touched an intraday high and low of Rs 14549.9 and Rs 14328.85 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 533.77, earnings per share (EPS) of Rs 27.04 and price to book value (PB) of 3.0, while the return on equity (ROE) stood at Rs 7.01.

Promoter/ FII Holding
The promoters held 2.78 per cent stake in the company as of March 22, while FII and MF ownerships stood at 4.64 per cent and 2.86 per cent, respectively.

Key Financials

With a market capitalisation of Rs 42563.01 crore, the company operates in the Auto Ancl – Engine Parts industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 3140.96 crore, up 21.71 per cent from the previous quarter?s Rs 2580.66 crore and up 17.35 per cent from the same quarter a year ago. The company reported net profit of Rs 184.25 crore for the latest quarter, down 3.15 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 39.58. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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