Motilal Oswal Maintains Neutral Rating on Bosch, Sets Target Price at INR 28,585

Stock target Stock target for Bosch

Posted by admin on 2024-11-29 18:02:12 |

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Motilal Oswal has maintained a Neutral rating on Bosch (BOS)with a target price of INR 28,585, following a weak 4QFY24 performance. Thecompany reported revenue and EBITDA of INR 42.3 billion and INR 5.6 billion,respectively, both below expectations (INR 45.7 billion and INR 6.3 billion).However, a higher other income and lower tax expense resulted in a PAT beat.The management expects FY25 revenue growth to be similar to FY24 levels.

Motilal Oswal has raised its FY25E/FY26E EPS estimates byapproximately 1% and 5%, respectively, due to higher other income and lowertax. Despite this, with the stock trading at around 38.5x/33.2x FY25E/FY26EEPS, it is considered fairly valued. As a result, Motilal Oswal reiterates itsNeutral stance on the stock with a target price based on 30x FY26E EPS.

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