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    Buy Bosch, target price Rs 22000: ICICI Direct

    Synopsis

    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.

    BoschReuters
    The brokerage likes Bosch given its leadership positioning in powertrain technology with parent supported ready solutions for Flex Fuel, BS VI phase II transition, EVs and hybrids.
    ICICI Direct has buy call on Bosch Ltd. with a target price of Rs 22000.The current market price of Bosch Ltd. is Rs 17525.8.

    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.

    Bosch key Products/Revenue Segments include Automotive Products, Sale of services, Rental Income, Others, Export Incentives, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3811.20 Crore, up 5.84 % from last quarter Total Income of Rs 3601.00 Crore and up 25.27 % from last year same quarter Total Income of Rs 3042.31 Crore. Company has reported net profit after tax of Rs 372.40 Crore in latest quarter.

    The company’s top management includes Mr.Markus Bamberger, Mr.Karsten Mueller, Mr.Pawan Kumar Goenka, Mr.S V Ranganath, Mr.Bhaskar Bhat, Dr.Gopichand Katragadda, Ms.Hema Ravichandar, Mr.Stefan Hartung, Mr.Sandeep Nelamangala, Mr.S C Srinivasan, Mr.Soumitra Bhattacharya, Ms.Karin Gabriele Gilges. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 3 Crore shares outstanding.

    Investment Rationale
    The brokerage likes Bosch given its leadership positioning in powertrain technology with parent supported ready solutions for Flex Fuel, BS VI phase II transition, EVs and hybrids. The company is poised to benefit from industry tailwinds in the form of healthy volume growth, diesel powertrain gaining traction domestically and incremental role to play amid more stringent emission control norms (BS-VI phase 2 and beyond).

    Promoter/FII Holdings
    Promoters held 70.54 per cent stake in the company as of 30-Sep-2022, while FIIs owned 3.56 per cent, DIIs 16.22 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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