Motilal Oswal: Bosch Q2 Review - Higher Raw Material, Staff Costs Impact Performance

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Motilal Oswal Report

Bosch Ltd.'s Q2 FY21 performance was impacted due to adverse forex, product mix and non-recurring cost.

We expect faster growth on account of strong tractor demand, addition of two-wheeler segment and content increase.

The company's stock price is largely reflecting all the negatives, but a re-rating catalyst may emerge within two to three quarters, in our view.

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