Buy Cello World, target price Rs 1070: Motilal Oswal

Motilal Oswal has buy call on Cello World with a target price of Rs 1070. The current market price of Cello World Ltd. is Rs 907.25.

Cello World Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 20057.47 Crore) operating in Glass sector.

Cello World Ltd. key Products/Revenue Segments include Domestic Appliances, Export Incentives and Scrap for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 506.66 Crore, down -2.40 % from last quarter Total Income of Rs 519.10 Crore and up 5.58 % from last year same quarter Total Income of Rs 479.88 Crore. Company reported net profit after tax of Rs 89.44 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 78.06 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.88 per cent, DIIs 12.08 per cent.