Neutral Bosch Ltd., target Rs 24512.0 : Motilal Oswal Securities

Motilal Oswal Securities has Neutral call on Bosch Ltd. with a target price of Rs 24512.0. The current market price of Bosch Ltd. is 24326.85. Time period given by analyst is year, when Bosch Ltd. price can reach defined target. Motilal Oswal Securities has downgraded their EPS estimates for FY17 by 4% to reflect for near-term weak ness in commercial vehicle business and its implications on margins, impact of which is diluted due to higher other income.