{
CIE Automotive, S.A.

Companies

}

CIE Automotive India receives buy rating with target price of Rs 578

CIE Automotive India, part of a leading global forging player, has seen a slight revenue decline of 2% YoY, with domestic demand expected to improve in H2 due to increased infrastructure spending. The company reported a 2% growth in its Indian business, while EBITDA margins improved due to lower input costs. Geojit Financial Services recommends a BUY rating with a target price of Rs 578, anticipating continued growth driven by existing customer relationships and market recovery.
Moneycontrol
Indian Rupee CIE Automotive, S.A. IND
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08:04 27.11.2024
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