Shares of Bosch fall as Nifty gains

Shares of Bosch fall as Nifty gains
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 13622.35.

Getty Images
Back home a gradual easing of lockdown measures in major global economies lifted domestic equity benchmarks for the third session in a row.

INSIGHTS

Read Stock Insights by ET for a quick analysis

PEER COMPANIES

Explore Now
Shares of Ltd. slipped 0.15 per cent to Rs 13595.9 in Monday's trade as of 12:05PM (IST). It hit a high of Rs 13817.95 and low of Rs 13554.1 during the session.

The stock quoted a 52-week high price of Rs 16900.0 and a low of Rs 9021.6. The return on equity for the stock stood at 7.01 per cent. About 618 shares have changed hands on the counter so far.

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

The scrip has been an underperformer, up 38.83 per cent in the past one year in comparison with a 46.96 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 9021.6 on May 10, while the 50-DMA was at Rs 14228.56. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 2.78 per cent stake in Bosch Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 3.13 per cent and 4.33 per cent stake.

Read More News on

(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.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Bosch Ltd.. Explore Now