Buy Mahindra CIE Automotive Limited and V-Guard Industries Limited

Buy Mahindra CIE Automotive Limited and V-Guard Industries Limited

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Buy Mahindra CIE Automotive Limited:

Mahindra CIE Automotive Limited

Mahindra CIE Automotive Ltd has officially announced consolidated sales of Rs. 1,965.08 Cr for the third quarter finished on 31-12-2020, which is 13.18% up from its previous quarter sales of Rs. 1,736.31 Cr and 13.64% up from its previous year same quarter sales of Rs. 1,729.25 Cr. The company has reported a net profit after tax of Rs. 111.67 Cr in the previous quarter.

Outlook:

Mahindra CIE Automotive Ltd: Experts suggested Add call at current market price: Rs. 186.65 with a target price: Rs. 253.

Buy V-Guard Industries Limited:

V-Guard Industries Limited

V-Guard Industries Ltd has officially announced a consolidated sales of Rs. 840.60 Cr for the third quarter finished on 31-12-2020, which is 33.52% up from its previous quarter sales of Rs. 629.58 Cr and 31.81% up from its previous year same quarter sales of Rs. 637.73 Cr. The company has reported a net profit after tax of Rs. 78.25 Cr in the previous quarter.

Outlook:

V-Guard Industries Ltd: Experts suggested hold call at current market price: Rs. 232.6 with a target price: Rs. 265.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

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