Neutral on Bosch, target price Rs 15650: Motilal Oswal

Neutral on Bosch, target price Rs 15650:  Motilal Oswal

Motilal Oswal has neutral call on with a target price of Rs 15650. The current market price of Bosch Ltd. is Rs 15842.4.

Bosch Ltd., incorporated in the year 1951, is a Large Cap company (having a market cap of Rs 46813.63 Crore) operating in Auto Ancillaries sector.

For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3029.64 Crore, up 22.20 % from last quarter Sales of Rs 2479.18 Crore and up 19.44 % from last year same quarter Sales of Rs 2536.64 Crore Company reported net profit after tax of Rs 184.15 Crore in latest quarter.

Investment Rationale
Valuations at ~34.5x/29x FY22/FY23E EPS largely factor in potential market share loss during the BS6 transition. While negatives are priced in, catalysts may take 2–3 quarters to emerge.

Promoter/FII Holdings
Promoters held 70.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 4.6 per cent, DIIs 15.7 per cent and public and others 9.1 per cent.

Source link


Please enter your comment!
Please enter your name here