Cello World share price soars as Motilal Oswal initiates coverage on the stock with a 'buy' call, sees 31% upside
Motilal Oswal Financial Services has initiated covering Cello Word stock, indicating an uptick of 31% from the counter's current market price (CMP). The brokerage has a buy rating for the stock with a target price of ₹1,100.
The Cello World stock price today surged by more than 5%. On the BSE, the Cello World share price opened at an intraday low of ₹858.80.
According to the brokerage's analysis, Cello has a strong brand reputation and a wide distribution network, making it a prominent participant in all of its product categories. Also Read: Power Grid Corporation Of India, Cipla & others hit 52 week high today ; Do you own any? The company's ability to produce a wide variety of goods while managing appropriate inventory levels allows it to rapidly grow its current stock-keeping units (SKUs) and enter new markets.
"Cello has built a strong brand portfolio, including "Cello" and “Unomax," with several sub-brands. The company focuses on meeting evolving consumer needs by leveraging its experience and innovation.
It continually introduces new product ranges across various categories, totaling around 15,841 SKUs, demonstrating its commitment to innovation and expansion," the brokerage said. "Exciting news! Mint is now on WhatsApp Channels
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