Cello World Shares: Buy Cello World, Target Price Rs 1,070: Motilal Oswal

Motilal Oswal has an option to buy The world of the cello 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 (with a market capitalization of Rs 20057.47 Crore) operating in the glass sector.

Cello World Ltd.’s key product/revenue segments include home appliances, export incentives and scrap for the year ending March 31, 2024. Finance
For the quarter ended 30-06-2024, the company reported a consolidated total revenue of Rs 506.66 crore, down -2.40% from last quarter’s total revenue of Rs 519.10 crore and up -5.58% from year-ago quarter’s total revenue of Rs 479.88 crore. The company reported a net profit after tax of Rs 89.44 crore in the recent quarter.
Promoter/FII Holdings
Promoters held 78.06 per cent of the company’s shares as on June 30, 2024, while FIIs held 5.88 per cent and DIIs 12.08 per cent.

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