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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Motilal Oswal initiates Bosch with buy
Bosch's technology focus and unique positions will drive 34 per cent earnings CAGR. Bosch is best proxy on Indian automotive industry. It addresses over 40 per cent of the Indian auto component industry.
Company has several cyclical and structural drivers in place. Unique industry positioning to continue. Stock trades at 35 times its FY18 estimates Core earnings per share.