Cello World stocks: Buy Cello World, target price Rs 1070: Motilal Oswal
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Cello World stocks: Buy Cello World, target price Rs 1070: Motilal Oswal

Motilal Oswal has buy call on Cello World with a target price of Rs 1070. The current market price of Cello World Ltd. is Rs 907.25.

Cello World Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 20057.47 Crore) operating in Glass sector.

Cello World Ltd. key Products/Revenue Segments include Domestic Appliances, Export Incentives and Scrap for the year ending 31-Mar-2024. Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 506.66 Crore, down -2.40 % from last quarter Total Income of Rs 519.10 Crore and up 5.58 % from last year same quarter Total Income of Rs 479.88 Crore. Company reported net profit after tax of Rs 89.44 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 78.06 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.88 per cent, DIIs 12.08 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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