CV growth worries, sustainable margin gains key concerns for Bosch

The stock of auto component major Bosch has been hitting its 52-week highs repeatedly over the past week. This is on the back of a better-than-expected operational performance in the December quarter. Further, hopes of an improved gross margin performance have led to an upward revision of earnings per share of the company.

While localisation efforts and margin improvement are medium-term positives, the immediate trigger is the healthy Q3 show. The company registered a strong beat on the operating profit margin front with the metric standing at 13.8 per cent, up 190 basis points sequentially and 280 basis points over