Buy Bosch on declines: Rajesh Agarwal

Rajesh Agarwal of AUM Capital told CNBC-TV18, "With auto sector showing good growth, auto ancillaries are something which are likely to benefit and Bosch being a major player and market leader, this company is also going to be benefited. Not to forget that we are expecting normal monsoon, good harvest and GST being implemented and going forward, in order to comply with BS-IV emission norms, the companies has phased out some of its existing products - that is going to immensely benefit Bosch."

"We recommend a buy but not at this point of time maybe around Rs 20,000, it is a buy but yes one can keep this company on a radar because this is a very good fundamental stock with a strong balance sheet, one can buy this but at dips," he added.