Bosch Downgraded to 'Hold' by MarketsMOJO, Despite Positive Results and High Institutional Holdings

Bosch ., a leading player in the auto ancillary industry, has recently been downgraded to a 'Hold' by MarketsMOJO. This decision was based on various factors, including the company's low Debt to Equity ratio, positive results for the last 5 consecutive quarters, and high institutional holdings.
One of the key reasons for the downgrade is the company's poor long-term growth, with operating profit growing at a rate of -5.08% over the last 5 years. This has resulted in a relatively expensive valuation for the stock, with a Price to Book Value of 8.4 and a PEG ratio of 1.8.

However, there are still some bullish factors for the stock, such as its consistent returns over the last 3 years and its technical position in a mildly bullish range. Additionally, the company's high institutional holdings indicate that it is well-analyzed by investors with better resources.

With a market cap of Rs 1,03,779 crore, Bosch . is the second largest company in the auto ancillary sector and constitutes 15.63% of the entire industry. Its annual sales of Rs 16,727.10 crore make up 5.77% of the industry, further solidifying its position in the market.

Overall, while the stock may not be a strong buy at the moment, it still holds potential for future growth and should be monitored closely by investors.