Motilal Oswal is bullish on CIE Automotive has recommended buy rating on the stock with a target price of Rs 565 in its research report dated May 04, 2024.
Net Sales are expected to decrease by 3.2 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs 2,362.3 crore, according to Motilal Oswal.
The growing trend of premiumisation along with the shift towards electric vehicles (EVs) signals positive prospects for the companies
Motilal Oswal is bullish on CIE Automotive recommended buy rating on the stock with a target price of Rs 540 in its research report dated January 20, 2024.
Motilal Oswal is bullish on CIE Automotive recommended buy rating on the stock with a target price of Rs 575 in its research report dated October 18, 2023.
Motilal Oswal is bullish on CIE Automotive recommended buy rating on the stock with a target price of Rs 600 in its research report dated July 19, 2023.
The management has indicated that all the verticals are ready to grow in the second half of the year
EBITDA jumped 14.7 percent to Rs 350.6 crore in the second quarter of this fiscal over Rs 305.8 crore in the corresponding period in the previous fiscal, CIE Automotive said on July 18.
It reduced its holding from 9.25 per cent to 3.19 per cent through an open-market sale.
This episode of Decoding Business Growth focuses on the new entity that is the outcome of a long cord ship between Mahindra Group and CIE Automotive of Spain.
Spanish group CIE Automotive made open offers worth Rs 207 crore to two Mahindra and Mahindra for acquiring 26 percent stake in Mahindra Forgings and Mahindra Composites
Mehraboon Irani of Nirmal Bang Securities feels Tata Motors a good bet in auto space. "We continue to like the stock."
ICICIdirect.com is bullish on Mahindra & Mahindra (M&M) and has recommended buy rating on the stock with a target price of Rs 1186 in its June 17, 2013 research report.
SP Tulsian of sptulsian.com is positive on Mahindra Ugine. He feels the stock may move to a level of Rs 130-150 and this phenomenon will continue for quite some time.
M&M is merging all its auto components businesses into Mahindra Forgings, which will be renamed Mahindra CIE Automotive, where Spain's CIE will hold majority stake. The deal will help M&M scale its auto components business and bring additional expertise and enhanced product portfolio.