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