Bosch shares up 1.39% as Sensex rises

MRF Ltd. shares  gain  0.09% as Sensex  falls

Shares of Ltd. gained 1.39 per cent to Rs 13815.0 in Friday’s session as of 11:59AM (IST) even as the equity benchmark Sensex traded 127.94 points higher at 48931.62.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 16900.0 and a 52-week low of Rs 9021.6 on NSE. Around 244 shares changed hands on the counter till 11:59AM (IST).

The stock opened at Rs 13835.0 and has touched an intraday high and low of Rs 13838.2 and Rs 13671.15 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 509.16, 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 70.54 per cent stake in the company as of April 16, while FII and MF ownerships stood at 4.33 per cent and 3.13 per cent, respectively.

Key Financials

With a market capitalisation of Rs 40600.5 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 41.8. 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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