India's Bosch up for seventh straight session

BOSCH

07/06/2023 08:03

** Shares of Bosch Ltd  BOSH.NS  rise as much as 1.3% to
19,123.40 rupees, highest since May 19
    ** Automobile components and washing machines maker up for
seventh straight session, set for longest winning streak since
Mar. 31, 2016, if gains hold
    ** At current levels, stock has gained 3.7% during this run
    ** Stock, which was already above 100-, 200-day simple
moving average (SMA) prices, seen above 50-day SMA of 18,920.93
rupees
    ** Moving average convergence divergence above signal line,
suggesting bullish momentum
    ** Around 9,000 shares change hands by  12:28 p.m. IST, 0.4x
their 30-day avg volume
    ** Five analysts covering the stock rate it "hold" on
average; median PT is 18,175 rupees - Refinitiv data
    ** Stock up 10.2% YTD vs Nifty Auto index's  .NIFTYAUTO 
17.4% rise


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))