Motilal Oswal starts coverage on Cello World with 'buy' call
Tue, Feb 27, 2024 12:22 PM

Motilal Oswal starts coverage on Cello World with 'buy' call

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Domestic brokerage Motilal Oswal initiated coverage on Cello World with a 'buy' rating on the household brand's strong pan-India presence, deep distribution network and 'robust manufacturing capability'. Motilal Oswal issued a target price of Rs 1,100 per share, indicating an upside of 31 percent from the counter's CMP. At 9.35 am, Cello World shares were trading at Rs 881 on the NSE.

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