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    Share price of Bosch rises as Nifty strengthens

    Synopsis

    A total of 256 shares changed hands on the counter till 12:04PM (IST).

    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.

    INSIGHTS

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    Shares of Ltd. gained 0.47 per cent to Rs 13598.95 in Monday's trade as of 12:04PM (IST). The stock hit a high price of Rs 13725.0 and low of Rs 13550.1 during the session.

    The return on equity (ROE) for the stock stood at 7.01 per cent. Traded volume on the counter stood at 12:04PM shares and turnover at Rs 0.35 crore around that time. The stock of Bosch Ltd. quoted a 52-week high price of Rs 16900.0 and 52-week low prices of Rs 9021.6, respectively.

    The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.84.

    Promotor/FII Holding
    Promoters held 2.78 per cent stake in the company as of 31-Mar-2021, while FIIs held 4.33 per cent and domestic institutional investors had 3.13 per cent.

    Key Financials
    The company reported consolidated 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. Net profit after tax for the latest quarter stood at Rs 184.25 crore, down 3.15 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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