Buy CIE Automotive India, target price Rs 575: Motilal Oswal

CIE Automotive India Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 18351.65 Crore) operating in Auto Ancillaries sector.

By ETMarkets.com | Oct 19, 2023, 10.36 AM IST

Promoters held 65.7 per cent stake in the company as of 30-Jun-2023, while FIIs owned 7.54 per cent, DIIs 14.75 per cent.

Motilal Oswal has buy call on CIE Automotive India Ltd. with a target price of Rs 575. The current market price of CIE Automotive India Ltd. is Rs 474.35.

CIE Automotive India Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 18351.65 Crore) operating in Auto Ancillaries sector.

CIE Automotive India Ltd. key Products/Revenue Segments include Automotive Accessories, Other Operating Revenue and Sale of services for the year ending 31-Dec-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2299.43 Crore, down -1.73 % from last quarter Total Income of Rs 2339.87 Crore and down -15.99 % from last year same quarter Total Income of Rs 2736.95 Crore. Company reported net profit after tax of Rs 375.62 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 65.7 per cent stake in the company as of 30-Jun-2023, while FIIs owned 7.54 per cent, DIIs 14.75 per cent.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!