bosch looking bombastic long term ideaBosch is an engineering and technology MNC company. The company offers mobility, home, industry and trade solutions but approximately 84% of Bosch India business comes from its automotive segment.
Bosch CMP is 19042.35. Negative aspects of the company are high valuation (P.E. = 39.4), declining cash from operations annual and FIIs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, MFs are increasing stake and zero promoter pledge.
Entry after closing above 19320. Target of the call will be 19541 and 19825. Long term targets in the stock will be 20247. Stop loss in the stock should be maintained at closing below 17858.
