AgenciesMotilal 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.
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.
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.
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