Time period given by analyst is Intra Day when Mahindra CIE Automotive Ltd. price can reach defined target.
Mahindra CIE Automotive Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 10619.11 Crore) operating in Auto Ancillaries sector.
Mahindra CIE Automotive Ltd. key Products/Revenue Segments include Automotive Accessories, Other Operating Revenue and Sale of services for the year ending 31-Dec-2020.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2098.09 Crore, up 2.14 % from last quarter Total Income of Rs 2054.04 Crore and up 20.84 % from last year same quarter Total Income of Rs 1736.31 Crore. Company reported net profit after tax of Rs 166.32 Crore in latest quarter.
Investment Rationale
Breakout above three months consolidation (280-209) with strong base at 20-week EMA
Promoter/FII Holdings
Promoters held 72.19 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.45 per cent, DIIs 7.84 per cent.
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