Share price of Bosch rises as Nifty strengthens

Share price of Bosch rises as Nifty strengthens
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Synopsis

A total of 899 shares changed hands on the counter till 12:55PM (IST).

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In effect, financial markets are betting that there is some reasonable approximation of normal on some foreseeable horizon.
Shares of Ltd. gained 0.13 per cent to Rs 15930.95 in Tuesday's trade as of 12:55PM (IST). The stock hit a high price of Rs 16027.7 and low of Rs 15590.0 during the session.

The return on equity (ROE) for the stock stood at 4.91 per cent. Traded volume on the counter stood at 12:55PM shares and turnover at Rs 1.43 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 10440.0, respectively.

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

Did you Know?

Stock score of Bosch Ltd moved up by 2 in a week.

View Latest Stock Report »

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

Key Financials
The company reported consolidated sales of Rs 3332.99 crore for the quarter ended 31-Mar-2021, up 6.11 per cent from previous quarter's Rs 3140.96 crore and up 40.2 per cent from the year-ago quarter's Rs 2377.28 crore. Net profit after tax for the latest quarter stood at Rs 483.15 crore, up 497.14 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bullish 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.

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