Motilal Oswal reiterates Buy on CIE Automotive India with Rs 440 target
Motilal Oswal kept its Buy rating on CIE Automotive India with a Rs 440 target after third-quarter profit beat its estimate by 10 percent.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to a Motilal Oswal research report published by TradingView, CIE Automotive India's profit after tax for the third quarter of calendar 2026 came in 10% above the broker's estimate. The gap was driven mainly by higher grant income in the aluminum business.
Revenue in India rose 18.1% year on year, broadly in line with the industry. In Europe, revenue fell 2.9% on weak demand and growing competition from Chinese imports, which has pushed more buyers toward electric vehicles. The analysts expect the India business to remain the main growth engine, supported by new order wins and a recovery in demand across segments.
why it matters
The broker reiterated its Buy rating with a Rs 440 target, based on roughly 16 times consolidated EPS for September 2028. At the current price, the stock trades at 14.5 times CY26 and 13.5 times CY27 consolidated EPS. For the shares, the key factors remain India's demand trend and margin pressure in Europe.
tags
instruments
sources
- Buy CIE Automotive India; target of Rs 440: Motilal Oswal — TradingView, 23 October 2026 at 07:32 UTC
- Buy Nippon Life India AMC; target of Rs 1200: Motilal Oswal — TradingView, 23 October 2026 at 07:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗