Shares of ABB India, which have rallied over 23% in the last one year, are now on the radar of technical analysts. Prabhudas Lilladher has given an upside target of Rs 3000–3200 and a stop loss near Rs 2550 on the stock.

“Tech Mahindra would be my stock pick in IT. Its alliance with British Telecom hits a very sweet spot and Tech Mahindra perfectly fits the bill with hardly any downside. Autos are very under owned and the cycle from motorcycle to scooter to Alto and Ertiga is all about aspiration. Samvardhana Motherson International is the mother of all as far as the OEMs go.”

“Tech Mahindra would be my stock pick in IT. Its alliance with British Telecom hits a very sweet spot and Tech Mahindra perfectly fits the bill with hardly any downside. Autos are very under owned and the cycle from motorcycle to scooter to Alto and Ertiga is all about aspiration. Samvardhana Motherson International is the mother of all as far as the OEMs go.”

ICICI Direct has handpicked nine stocks that can give an average return of 22% in 2023. The list includes L&T, Ambuja Cements, Bosch, Federal Bank, Sundaram Finance, Bajaj Electricals, KEC International, Mishra Dhatu Nigam and Techno Electric.

Bosch, incorporated in the year 1951, is a Large Cap company (having a market cap of Rs 51628.62 Crore) operating in Auto Ancillaries sector.

The company has done well over the past two years thanks to the strong bounce back in demand after the pandemic

Expert: Nooresh Merani, an independent technical analyst told ETNow - IndusInd Bank: Buy| Target Rs 1350| Stop Loss Rs 1160

"The surge in demand on the back of the continued recovery of the automotive market has contributed to a strong performance this quarter. We have witnessed robust topline growth, posting consistent profits over a low base in the same quarter of the previous year," Bosch Ltd Managing Director Soumitra Bhattacharya stated.

The 3W and bus segments showed remarkable recovery led by the opening of schools, institutions and corporate offices

The 3W and bus segments showed remarkable recovery led by the opening of schools, institutions and corporate offices

Every company's management declares its short-and-long-term goals. However, they often fail to live up to their promises. Over-promising and under-delivering are key indicators that the investment is a value trap.

On the back of improving sentiments driven by easing out of semiconductor supply, gross margin improvement and successful new model launches, auto stocks have been on a high in the last few months. With a rally of around 65% each, TVS Motor and Tube Investments have been the top gainers in the Nifty Auto pack in the last 6 months. M&M is up 53% while Eicher Motors has rallied over 40%.

Company executives said they are increasing the spend to drive demand that slowed down this year unlike last two years when supplies were a challenge, while for smartphones it is also to clear out 4G smartphones with 5G models to prepare for the launch of 5G services next quarter.

"​​Nifty is trading in a range and formed a good base around 17,450 level and sustaining above it suggests strength in the counter.. The support for Nifty has shifted to around 17,300 levels while on the upside, 17,850 may act as an immediate hurdle. On the other hand, Nifty Bank has support at 38,200 levels and resistance at 40,000 followed by 40,800 levels for next week."

​​PTV Group's software and Application Programming Interfaces (APIs) will be available through Bosch's 'Mobility Marketplace', a one-stop platform for all digital and hardware assets in the mobility domain, a joint statement said.

“Stocks like Siemens, Honeywell Automation, ABB, Hitachi have been on our buying radar since January. We are looking for good returns. In the last four-five years they have not given returns and there will be a lot of capex on the upgradation of machinery. Many of these companies have adopted automation and digitisation. One stock to play auto ancillary plus digitisation is Bosch.”

The IPO had a fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares.The offer was priced in the range of Rs 209-220 per share.On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor investors.It was the first company to tap the primary market in two-and-a-half months. Prior to this, the IPO of Aether Industries was open for public subscription during May 24-26.

"But the company has demanded an EV/Sales multiple of 2.5 times its FY22 pro forma consolidated sales, which is at a premium to the peer average. Thus the issue seems to be fully priced. Considering the high growth potential in the electronic manufacturing sector, we recommend 'Subscribing with Caution' rating for the issue," Choice Broking said.

Bosch Ltd., incorporated in the year 1951, is a Large Cap company (having a market cap of Rs 51466.40 Crore) operating in Auto Ancillaries sector.

"The strong momentum exiting FY2021-22 was sustained and further improved over the past quarter due to recovery in the overall automotive market. This has bolstered our confidence that we will surpass the peaks of FY2018-19," Bosch MD Soumitra Bhattacharya said.

Asian stocks opened in deep red on Tuesday on fresh geopolitical worries after US House Speaker Nancy Pelosi's potential visit to Taiwan sparked fresh tensions between China and the United States. MSCI's index of Asia-Pacific shares outside Japan was down by 1.49 per cent.

Market intelligence data, too, reflects brisk demand for high-end cars, smartphones, TVs, laptops and refrigerators in stark contrast to the slowdown in the mass-to-mid segment. While sales of luxury cars grew 55% in the first six months of the year, that of super luxury cars (priced above ₹2 crore) are expected to breach the pre-pandemic peak of 2018 in 2022 according to industry executives.

Ather Energy has appointed Sanjeev Kumar Singh as the senior vice president of manufacturing and Harendra Saksena as the chief procurement officer.

The telco has implemented two industrial grade use cases for quality improvement and operational efficiency at Boschs manufacturing facility, utilising the trial spectrum. In both the cases 5G technology such as mobile broadband and low latency communications drove automated operations ensuring faster scale up and reduced downtimes.

A total of 170 million euros will go into the new development centres in Reutlingen and Dresden, with 250 million euros to be spent on expanding the 1-billion-euro Dresden site that opened in June 2021.

Bosch Group India President Soumitra Bhattacharya pointed out that the world is going through "unprecedented" challenges like the supply chain crisis, including the continued chip shortages, China lockdown -- in particular Shanghai, Ukraine-Russia War and geopolitical shifts.

Karnataka is in the forefront in Ethanol production and is taking the lead in production of Hydrogen as a green energy source, he said, adding that an MoU has been signed for production of ammonia from the sea water.

Modi urged the world to make use of the opportunities in the digital and technology space and to invest in India.

"The Spark.NXT campus will provide inspiring working conditions for associates to focus on the development of user-centric innovations for a better quality of life in India," said Filiz Albrecht, member of the board of management and director of Industrial Relations at Robert Bosch GmbH with responsibility for India from July 1 at the opening ceremony.

Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up

Apart from firing at number 4, Pandya has used his resources well, be it the death bowling of wily Rashid Khan or making his batting exploits count to go alongside the fiery duo of David Miller and Rahul Tewatia. Every little thing has fallen in place.

Bosch said its consolidated revenue from operations in FY22 was at Rs 11,781.6 crore in comparison to Rs 9,716.2 crore in FY21.Bosch Ltd Managing Director and Bosch Group, India President Soumitra Bhattacharya said 2022 marks 100 years of Bosch in India, and "this significant landmark and heritage was complemented by a positive revenue growth curve throughout FY 2021-22

Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains. MSCI's index of Asia-Pacific shares outside Japan was down by 2.14 per cent.

National Stock Exchange on Monday put the company in the list of securities banned from trading in the futures and options (F&O) segment after it crossed 95 per cent of the market-wide position limit.