Bosch shares up 3.05% as Nifty gains

Bosch shares up 3.05% as Nifty gains
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Synopsis

A total of 1,336 shares changed hands on the counter till 12:15PM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.

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NEW DELHI: Shares of Ltd. traded 3.05 per cent up in Wednesday's trade at 12:15PM (IST). Around 1,336 shares changed hands on the counter.

The counter opened at Rs 14117.95 and touched an intraday high and low of Rs 14569.05 and Rs 14073.55, respectively, in the session so far. The stock of Bosch Ltd. quoted a 52-week high of Rs 16900.0 and a 52-week low of Rs 8871.4.

Total market cap of the Bosch Ltd. stood at Rs 42736.28 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3140.96 crore for the quarter ended 31-Dec-2020, up 21.71 per cent from previous quarter's Rs 2580.66 crore and up 17.35 per cent from the year-ago quarter's Rs 2676.58 crore.

The net profit for latest quarter stood at Rs 184.25 crore, down 3.15 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2020, domestic institutional investors held 2.86 per cent stake in the firm, while foreign institutional investors held 4.64 per cent and the promoters 70.54 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 535.95 and a price-to-book ratio of 3.0. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bosch Ltd. belongs to the Auto Ancl - Engine Parts industry.

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