ICICI Securities Bullish on Debt-Free Stock and Sees Upside in 3 Months
With a market valuation of ₹42,078 crore, Bosch Ltd. is a large-cap company engaged in the automotive accessories industry. Bosch Ltd (Bosch) offers products and services in the areas of consumer goods, energy and building technology. The stock has gained 7.44% over the past five trading days and closed Friday at ₹14,300 on the NSE, up 3.46% from the previous close. The company is nearly debt free and the high promoter shareholding of 70.54% has been consistent for the company for the past 3 years. With a target price of Rs. 15,500 and a stop loss of Rs. 12,700, brokerage firm ICICI Securities is bullish on the stock. The stock has nearly 9% upside potential from the brokerage-defined buy range of 13,900-14,250 with a three-month target period.