Sell Bosch, target Rs 16,000: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Bosch Ltd. with a target price of Rs 16000. The current market price of Bosch Ltd. is Rs 16589.9. Time period given by analyst is Intra Day when Bosch Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 17000. Bosch Ltd., incorporated in 1951, has a market cap of Rs 48929.65 crore.

Bosch Ltd. key Products/Revenue Segments include Automotive Products which contributed Rs 9995.50 Crore to Sales Value (81.54 % of Total Sales), Others which contributed Rs 1786.30 Crore to Sales Value (14.57 % of Total Sales), Sale of services which contributed Rs 264.10 Crore to Sales Value (2.15 % of Total Sales), Rental Income which contributed Rs 104.30 Crore to Sales Value (0.85 % of Total Sales), Other Operating Revenue which contributed Rs 51.90 Crore to Sales Value (0.42 % of Total Sales), Export Incentives which contributed Rs 39.10 Crore to Sales Value (0.31 % of Total Sales) and Scrap which contributed Rs 16.70 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2312.68 Crore, down -16.77 % from last quarter Sales of Rs 2778.82 Crore and down -26.92 % from last year same quarter Sales of Rs 3164.70 Crore Company has reported net profit after tax of Rs 98.40 Crore in latest quarter. The company’s top management includes Dr.Gopichand Katragadda, Mr.Bernhard Steinruecke, Mr.Bernhard Straub, Mr.Bhaskar Bhat, Mr.Jan Oliver Rohrl, Mr.Peter Tyroller, Mr.S C Srinivasan, Mr.S V Ranganath, Mr.Soumitra Bhattacharya, Ms.Hema Ravichandar. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2019, the company has a total of 29,493,640 shares outstanding.