Bosch Q3 Review - Revenue Growth Outperforms Industry Growth: Motilal Oswal 
A Robert Bosch GmbH parking sensor column stands on display (Photographer Krisztian Bocsi/Bloomberg)

Bosch Q3 Review - Revenue Growth Outperforms Industry Growth: Motilal Oswal 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Bosch Ltd.’s Q3 FY21 revenue grew faster than underlying industry growth.

We expect this trend to continue on account of strong tractor demand, the addition of the two-wheeler segment, and content increase.

The company’s stock price largely reflects all the negatives, but a re-rating catalyst may emerge within two to three quarters, in our view.

We upgrade our FY22E earning per share by 5%, reflecting a stronger recovery in commercial vehicle sales.

Click on the attachment to read the full report:

Motilal Oswal Bosch Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.