Safir Anand Shares Investment Success Story As Bosch India Shares Hit 52-Week High

Bosch Ltd., the Indian subsidiary of Robert Bosch GmbH, the German engineering, and technology MNC, hit a new 52-week high on Wednesday after a big upcycle in recent weeks — a move that value investor Safir Anand had called back in August 2022.

What Happened? Anand took to Twitter to recall a tweet from August 3, 2022, when he’d added more Bosch India stock to his portfolio after a strong outlook call with analysts by Bosch’s board of directors.

Anand who’s also a renowned IP lawyer said he’d managed to buy Bosch stock at a relatively reasonable price.

The reason for Bosch stock trading at a relatively low price back in August 2022 was “due to fears on IC [internal committee] overlooking CO's investments and ability to transform big,” Anand says.

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For the quarter that ended on Dec. 31, 2022, the company reported a consolidated total income of ₹ 3791.10 crore, down 53% from last quarter’s total income of ₹3,811.20 crore. That figure was up 18.87% from last year’s same quarter’s total income of ₹3,189.38 crore. The company also reported a net profit after tax of ₹318.90 crore in its latest quarter.

Bosch India is a leading player in mobility solutions, industrial technology, consumer goods, energy and building technology. The Indian entity is a leading provider of technology and services to the mobility sector with a presence in other fields as well such as energy, smart cities and consumer goods.

The German parent entered the nation in 1951 when it established its first manufacturing site. Over the last 70 years, the company has scaled to 18 manufacturing facilities and 7 development and application centers. It had 30,240 employees at the end of FY22 with ₹26,827 crore in sales.

Price Action: Bosch Ltd. shares were trading 3.57% higher at ₹18,734.35 at market close on Wednesday.

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Posted In: Auto ancillary companiesBoschBosch IndiaRobert Bosch GmbHSafir Anand