Large Cap Stock Fixes Record Date For Rs 200 Per Share Interim Dividend

Board of large cap stock operating in Auto Ancillaries sector, Bosch Ltd fixed February 22, 2023 as the record date for Rs 200 per share interim dividend for the financial year 2023. Brokerage firm Geojit has assigned hold rating to Bosch Ltd with a target price of Rs 18,122 apiece. Check details below:

Bosch Ltd Announces Rs 200 Per Share Interim Dividend

The Board of Directors at their meeting held today, declared an Interim Dividend of INR 200/- per share for the financial year 2022-23 on 29,493,640 equity shares of INR 10/- each payable to those shareholders whose names stand on the Register of Members of the Company as on the Record Date - Wednesday, 22nd February 2023. The dividend will be paid on or after 6th March 2023, according to the BSE filing of the company.

2. Bosch Ltd Dividend History

The company has a good dividend history and consistently announcing dividends for the last 5 years. For the year ending March 2022, Bosch Ltd announced an equity dividend of Rs 210 per share or 2100.00%.

3. Bosch Ltd Stock Performance & Return In Last 5-Years

The last trading price of the stock is Rs 16,995.70 apiece with intraday fall of 2.39%. The stock's 52-week high is Rs 18300.00 apiece and 52-week low is Rs 12,940.10 apiece, respectively. The company has a market capitalisation of Rs 50,126.51 crore.

The stock gave a return of 2% in last 3-months, 8% in last 1-year, and 17% in last 3-years. In last 5-years, the stock declined 11%.

4. Valuation

According to Geojit's report dated November 11, 2023, "We expect healthy topline growth going forward as well, driven by strong PV/CV demand, easing of supply chain bottlenecks with pick-up in economic activity, and rise in exports. However, margins are likely to remain under pressure in the near term owing to change in the product mix and input cost inflation. Hence, we are cautious owing to change in the product mix and input cost inflation. Hence, we are cautious 18,122 based on 30x FY24E adjusted EPS."

5. About Bosch Ltd

Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to-end engineering and technology solutions.

Disclaimer

The stock has been picked from the brokerage report of Geojit. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.