Motilal Oswal Sticks to Its Buy Rating for CIE Automotive India Ltd (CIEINDIA)

Motilal Oswal analyst maintained a Buy rating on CIE Automotive India Ltd on February 19 and set a price target of INR499.00. The company’s shares closed yesterday at INR458.95.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CIE Automotive India Ltd with a INR499.00 average price target.

Based on CIE Automotive India Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR23.69 billion and a net profit of INR2.04 billion. In comparison, last year the company earned a revenue of INR22.93 billion and had a net profit of INR2.17 billion