Privately-held Bosch, the world's biggest automotive supplier, delivered around 17 million technical devices equipped with engine management software, prosecutors said in a statement.
Privately-owned Bosch, which last month signed a deal with Powercell Sweden AB to mass produce fuel cells, said its fuel cell design was not finalised, but it expects them to use only as much platinum as a diesel catalytic converter.
ICICI Direct recommended hold rating on Bosch with a target price of Rs 17565 in its research report dated February 14, 2019.
The breadth of the market favoured the declines with 782 stocks advancing and 904 declining while 379 remained unchanged. On the BSE, 1053 stocks advanced, 1371 declined and 125 remained unchanged.
At operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) slipped 5.6 percent to Rs 422.6 crore and margin contracted 100 bps to 13.6 percent YoY.
For the index to move higher, Nifty50 has to climb above 10,870-10,950, while on the downside, a break below 10,733 could result in further profit booking.
Nifty should register a breakout in the next two sessions with a strong close above 10,870 levels signalling the beginning of short term uptrend.
Net Sales are expected to increase by 6 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 3,256.2 crore, according to Motilal Oswal.
This is the verbatim transcript of Bosch management call with analysts.
MF industry assets grew to Rs 23.4 lakh crore, on the back of improved inflows into liquid funds and steady equity markets
Overall, the short-term outlook for the index remains week and the Nifty is likely to test 10,440 levels on the lower side next week if it fails to hold above 10,500.
ICICI Direct recommended hold rating on Bosch with a target price of Rs 20500 in its research report dated November 06, 2018.
The revenue rose 14 percent at Rs 3,201 crore against Rs 2,812 crore year on year.
The Bengaluru-based company's shares on October 31 ended 1 percent up at Rs 19,853.60 on the BSE.
German automotive technology giant Bosch is said to be working on a range of new innovations that will be integrated with everyday technology in the automotive sector.
Net Sales are expected to increase by 8 percent Y-o-Y (down 5.5 percent Q-o-Q) to Rs. 3,036.8 crore, according to Motilal Oswal.
Indian automobile sector continues to witness strong growth across segments. Commercial vehicle (CV), in particular, has witnessed a phenomenal growth on the back of government’s focus on infrastructure, good monsoon and increase of mining activities. In fact, despite the new axle load norms, the momentum continues to be very strong.
Bosch said automotive products business in June quarter grew by 9.7 percent to Rs 2,727 crore with its EBIT (earnings before interest and tax) rising 61.5 percent to Rs 560.3 crore YoY.
According to company officials, a major share of this amount would be used to expand Bosch's smart campus in Adugodi here and to modernise manufacturing facilities in the country.