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Buy Bosch; target of Rs 21,929: Sharekhan

Sharekhan is bullish on Bosch has recommended buy rating on the stock with a target price of Rs 21,929 in its research report dated March 28, 2023.

March 28, 2023 / 06:51 PM IST


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Sharekhan's research report on Bosch

Strategic focus on the aftermarket business is giving it an unparallel edge in the market. With a strong hold on gasoline, CNG, and diesel, now Bosch is targeting to expand in the EV and hydrogen energy segments. The stock trades at a P/E of 25.3x and EV/EBITDA of 16.9x its FY2025E estimates.


We retain our Buy rating on Bosch Limited with a revised PT of Rs. 21,929 on the expectation of increase in content per vehicle on implementation of stringent emission norms and better profitability.

For all recommendations report, click here

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Bosch - 28 -03 - 2023 - khan

Broker Research
first published: Mar 28, 2023 06:51 pm