Bosch shares outperform markets with 4% gain on strategic acquisition news
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Bosch shares rose 3.77% to ₹37,290 following the announcement of its acquisition of Bosch Chassis Systems India for up to ₹9,068.68 crore. The acquisition aims to enhance Bosch's mobility portfolio and strengthen its market position in India's automotive sector. Analysts at Motilal Oswal retained a 'Neutral' rating, noting the deal's favorable pricing for minority shareholders and projecting a 5% EPS accretion for FY25. The target price was revised to ₹35,323, although the stock has already surpassed this level.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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