The Economic Times daily newspaper is available online now.

    Buy CIE Automotive India, target price Rs 540: Motilal Oswal

    Synopsis

    CIE Automotive India Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 16881.63 Crore) operating in Auto Ancillaries sector.

    buy-sellThinkStock Photos
    Promoters held 65.7 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.63 per cent, DIIs 15.98 per cent.
    Motilal Oswal has buy call on CIE Automotive India with a target price of Rs 540. The current market price of CIE Automotive India is Rs 445.5.

    CIE Automotive India Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 16881.63 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 31-12-2023, the company reported a Consolidated Total Income of Rs 2266.90 Crore, down -1.41 % from last quarter Total Income of Rs 2299.43 Crore and down -.19 % from last year same quarter Total Income of Rs 2271.23 Crore. Company reported net profit after tax of Rs 169.22 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 65.7 per cent stake in the company as of 31-Dec-2023, while FIIs owned 5.63 per cent, DIIs 15.98 per cent.


    (You can now subscribe to our ETMarkets WhatsApp channel)
    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more

    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in