|
08 Sep 2025 |
CIE Automotive
|
Consensus Share Price Target
|
393.80 |
493.33 |
- |
25.27 |
buy
|
|
|
|
|
24 Aug 2023
|
CIE Automotive
|
SBI Securities
|
393.80
|
600.00
|
517.10
(-23.84%)
|
Target met |
Buy
|
|
|
|
|
23 Aug 2023
|
CIE Automotive
|
ICICI Direct
|
393.80
|
625.00
|
513.45
(-23.30%)
|
|
Buy
|
|
|
|
|
22 Aug 2023
|
CIE Automotive
|
Axis Direct
|
393.80
|
585.00
|
496.25
(-20.64%)
|
Target met |
Buy
|
|
|
Based on this analysis, our SOTP-based Target Price (TP) for CIE Automotive is Rs 585/share, implying an attractive upside potential of 17% from the current market price (CMP).
|
|
18 Aug 2023
|
CIE Automotive
|
Geojit BNP Paribas
|
393.80
|
576.00
|
483.25
(-18.51%)
|
Target met |
Buy
|
|
|
|
|
11 Aug 2023
|
CIE Automotive
|
Axis Direct
|
393.80
|
585.00
|
490.35
(-19.69%)
|
Target met |
Buy
|
|
|
We initiated our coverage of the company on April 12, 2023. MCIE's decision to hive off German Trucking is seen as a positive step, as this division has been weighing on the company's EBITDA margins (3-5% vs. a 13-15% portfolio in CY22). We have BUY on stock.
|
|
21 Jul 2023
|
CIE Automotive
|
Edelweiss
|
393.80
|
710.00
|
492.10
(-19.98%)
|
|
Buy
|
|
|
A consistent performer; BUY
|
|
20 Jul 2023
|
CIE Automotive
|
ICICI Securities Limited
|
393.80
|
598.00
|
517.85
(-23.95%)
|
Target met |
Buy
|
|
|
CIE Automotive India (CAIL) reported Q2CY23 consolidated PAT of INR 2.1bn, up 16% YoY, and in line with our estimate, aided by 5% YoY increase in revenue at INR 22bn (adjusting for discontinued operations) and improvement in EBITDAM at 17.7%, up 260 bps YoY.
|
|
20 Jul 2023
|
CIE Automotive
|
Axis Direct
|
393.80
|
585.00
|
517.85
(-23.95%)
|
Target met |
Buy
|
|
|
We reiterate our BUY rating our SOTP-based TP of Rs 585/share, implying an upside of 13% from the CMP.
|
|
19 Jul 2023
|
CIE Automotive
|
Motilal Oswal
|
393.80
|
600.00
|
517.85
(-23.95%)
|
Target met |
Buy
|
|
|
|
|
03 Jun 2023
|
CIE Automotive
|
Edelweiss
|
393.80
|
|
465.40
(-15.38%)
|
|
Not Rated
|
|
|
Riding the EV bandwagon
|