Rs 205/Share Dividend In Q3: Rs 30,000 Auto Ancillaries Stock Planning Dividend Rewards, Buy?

Large cap company from the auto ancillaries sector, Bosch Ltd informed via its BSE filing about its upcoming meeting of Board of Directors scheduled to be held on May 24, 2024. Last trading price of Bosch share on BSE is Rs 30,177.80 apiece with intraday gain of 0.36%.

Bosch shares offered shareholders return of 40% in last 3-months and gained 64% in last 1-year. The company's net profit soared 62% to Rs 518 crore in Q3. Check details below:

Bosch Ltd To Consider Final Dividend In 2 Months: As per the regulatory filing of the company dated March 20, 2024, "In terms of Regulation 29 of SEBI (LODR) Regulations, 2015, we wish to inform you that a meeting of Board of Directors of the Company is scheduled to be held in Bangalore on Friday, May 24, 2024 inter- alia, to consider and approve the following:

1. Audited Standalone and Consolidated Financial Results of the Company for the year ending March 31, 2024.

2. Recommendation of final dividend, if any for the financial year ending March 31, 2024."

Bosch Ltd Shares Performance & Return: The 52-week high price of Bosch Ltd shares on BSE is Rs 30,497.65 per share and 52-week low price is Rs 17,925.40 per share, respectively. The company's PE is 38.27 and ROE of 20.06. Bosch Ltd stock offered return of 58% in last 6-months, 111% in last 2-years, and surged 65% in last 5-years. In last 10-years, Bosch shares gained 191%.

Bosch Q3 Results: Bosch announced its consolidated net profit for the quarter ended December 2023 at Rs 518.10 crore, up 62.46% year-on-year (YoY) as against Rs 318.90 crore in the corresponding quarter of last year. The company announced its revenue from operations at Rs 4205 crore, up 14.89% year-on-year (YoY) as compared to Rs 3660 crore in the similar quarter of last year. EPS came at Rs 175.71 for December quarter as against 108.41 reported in the corresponding quarter of last year.

Bosch Share Price Target: Leading brokerage firm UBS, in its February 2024 report, assigned 'sell' call on the Bosch stock with a target of Rs 18,500.

Bosch About: The Bosch Group is a leading global supplier of technology and services. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility, according to its official website.

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