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Share price of Bosch jumps as Sensex drops 255.22 points

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Share price of Ltd. gained 0.11 per cent to Rs 15878.75 at 12:09PM (IST) in Wednesday’s trade. The scrip hit a high of Rs 15960.0 and low of Rs 15745.65 so far during the session. The stock had closed at Rs 15860.65 in the previous session.

The counter had a total traded volume of 12:09PM shares so far with a turnover of Rs 1.09 crore on BSE. The stock traded at a price-to-earnings multiple of 97.3 and a price-to-book ratio of 3.0.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 70.54 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 4.33 per cent and 16.19 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 3332.99 crore for the quarter ended 31-Mar-2021, up 6.11 per cent from the previous quarter’s Rs 3140.96 crore and up 40.2 per cent from the year-ago quarter’s Rs 2377.28 crore.

Its profit for the latest quarter stood at Rs 483.15 crore, up 497.14 per cent from the same quarter a year ago.

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