Bosch share price: Buy Bosch, target price Rs 16200: Yes Securities

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Sure Securities has purchase name on with a goal value of Rs 16200. The present market value of Bosch Ltd. is Rs 15518.85. Time interval given by analyst is Intra Day when Bosch Ltd. value can attain outlined goal.

Bosch Ltd., integrated within the 12 months 1951, is a Giant Cap firm (having a market cap of Rs 45585.08 Crore) working in Auto Ancillaries sector.

Financials
For the quarter ended 30-06-2021, the corporate reported a Consolidated Whole Earnings of Rs 2542.50 Crore, down -23.72 % from final quarter Whole Earnings of Rs 3332.99 Crore and up 118.26 % from final 12 months similar quarter Whole Earnings of Rs 1164.92 Crore. Firm reported web revenue after tax of Rs 259.76 Crore in newest quarter.

Funding Rationale
The inventory has resumed uptrend after breaking out of a consolidation sample resistance on good volumes. Technical indicator RSI turning upwards from the 40-level suggests prolonged upside within the inventory.

Promoter/FII Holdings
Promoters held 70.5 per cent stake within the firm as of March 31, 2021, whereas FIIs held 4.3 per cent, DIIs 16.2 per cent and public and others 8.9 per cent.

(Disclaimer: Views and proposals given on this part are the analysts’ personal and don’t signify these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the inventory/s talked about.

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