Buy CIE Automotive India, target price Rs 575: Motilal Oswal Financial Services

Motilal Oswal maintains a 'Buy' rating on CIE Automotive India with a target price of Rs 575. Anticipating growth driven by Indian operations, but tempered by weakness in the European market, the brokerage slightly lowered its earnings estimates. CIE's strong financial position, including being net debt-free and generating positive free cash flow, supports the positive outlook.