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Buy Bosch Ltd. target Rs 21000: Manas Jaiswal

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Manas Jaiswal of manasjaiswal.com has a buy call on Bosch Ltd. with a target price of Rs 21000.0 . The current market price of Bosch Ltd. is Rs 20037.0 Time period given by the analyst is Intra Day when Bosch Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 19500. Bosch Ltd., incorporated in 1951, is a largecap company with a market cap of Rs 61154.41 crore.
Bosch Ltd. key Products/Revenue Segments include Automotive Products which contributed Rs 9206.00 Crore to Sales Value (81.88 % of Total Sales), Others which contributed Rs 1544.00 Crore to Sales Value (13.73 % of Total Sales), Sale of services which contributed Rs 233.40 Crore to Sales Value (2.07 % of Total Sales), Other Operating Revenue which contributed Rs 205.40 Crore to Sales Value (1.82 % of Total Sales), Export Incentives which contributed Rs 36.10 Crore to Sales Value (0.32 % of Total Sales) and Scrap which contributed Rs 17.70 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 3212.15 Crore, up 1.71 % from last quarter Sales of Rs 3158.03 Crore and up 24.10 % from last year same quarter Sales of Rs 2588.26 Crore Company has reported net profit after tax of Rs 430.98 Crore in latest quarter. The companys top management includes Dr.Andreas Wolf, Mr.Bernhard Steinruecke, Mr.Bhaskar Bhat, Mr.Jan Oliver Rohrl, Mr.Peter Tyroller, Mr.S C Srinivasan, Mr.S V Ranganath, Mr.Soumitra Bhattacharya, Mr.V K Viswanathan, Mrs.Renu S Karnad. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 30,520,740 shares outstanding.

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