Bosch Stock Price: Bosch shares fall 1.93 per cent in Thursday’s trading session

Shares of Ltd. fell 1.93 per cent to Rs 13627.45 in Thursday’s trade as of 12:56PM (IST) even as the benchmark Nifty ruled at 14440.80, down 64.0 points.

The scrip had closed at Rs 13895.2 in the previous session. The stock quoted a 52-week low of Rs 9021.6 and a high of Rs 16900.0. The company quoted a market-cap of Rs 40207.79 crore on the BSE.

On BSE, 998 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 504.24 times its trailing 12-month EPS of Rs 27.04 per share and 3.0 times its book value. The return on equity (ROE) stood at Rs 7.01.

Key Financials

For the quarter ended 31-Dec-2020, Bosch Ltd. reported consolidated sales of Rs 3140.96 crore, up 17.35 per cent from the same quarter a year ago. The company reported 3.15 per cent YoY de-growth in net profit at Rs 184.25 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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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