Buy CIE Automotive India; target of Rs 539: Motilal Oswal

About this update from Cie Automotive India Ltd

Motilal Oswal's research report on CIE Automotive IndiaCIEINDIA’s consolidated PAT at INR 2.1bn was in line with our estimates. However, while India’s business performance was ahead of our estimates, Europe's performance missed our estimates. The India business is expected to be the primary growth driver for the company even in CY26. CIEINDIA remains focused on sustaining profitability through operational efficiencies.OutlookThe stock trades at 19x/18.1x CY26E/CY27E consolidated EPS and is attractive. Reiterate BUY with a TP of INR539 (based on 21x CY27E consolidated EPS).Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.CIE Automotive India - 2302026 - moti

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