Angel Broking is bullish on Bosch and has maintained 'buy' rating on Bosch stock with a target of Rs 6753.

Today, the stock of the company opened at Rs 6,010.00 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 6,774.95 and a low of Rs 4,702.05 on BSE.

Current EPS & P/E ratio stood at 256.88 and 23.52 respectively.

According to analysts, the company announced strong set of numbers for 4QCY2011, which were higher than the predictions. However, lower-than-expected EBITDA limits an account of raw-material price pressure headed to the in-line high in the bottom line.

It said that the growth was mainly due to sustained momentum in commercial vehicle (CV) sales.

The reports suggest that for 4QCY2010, Bosch placed better top-line growth of 29.5 percent year on year to reach Rs 1,884 crore, helped by a robust 35 percent year on year growth in the auto region's earning and a 24 percent growth on other department's earning.

However, Bosch's earnings in the diesel systems segment increased 30 percent year on year while the automotive aftermarket department recorded a jump of 22 percent in the same period.

The report from Angel Broking said, "We estimate Bosch to post EPS of Rs 302 and Rs 337.6 for CY2011E and CY2012E, respectively, owing to the anticipated good growth in auto demand. At Rs 6,141, the stock is quoting at 20.3x CY2011E and 18.2x CY2012E EPS, respectively."