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Motilal Oswal Financial Services has buy call on Mahindra CIE Automotive with a target price of Rs 165. The current market price of Mahindra CIE Automotive Ltd. is Rs 159.
Mahindra CIE Automotive Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6035.75 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1694.30 Crore, up 130.37 % from last quarter Sales of Rs 735.47 Crore and down -9.32 % from last year same quarter Sales of Rs 1868.50 Crore. Company reported net profit after tax of Rs 60.72 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 69.5 per cent stake in the company as of June 30, 2020, while FIIs held 14.6 per cent, DIIs 5.3 per cent and public and others 10.6 per cent.
Mahindra CIE Automotive Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6035.75 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1694.30 Crore, up 130.37 % from last quarter Sales of Rs 735.47 Crore and down -9.32 % from last year same quarter Sales of Rs 1868.50 Crore. Company reported net profit after tax of Rs 60.72 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 69.5 per cent stake in the company as of June 30, 2020, while FIIs held 14.6 per cent, DIIs 5.3 per cent and public and others 10.6 per cent.
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