India's Cello World falls as Investec initiates with 'sell'

Cello World

16/12/2025 04:20

** Shares of Cello World CELO.NS fall 2.2% to 558.60 rupees

** Brokerage Investec initiates coverage of consumer products and stationery maker with "sell", PT of 530 rupees

** Cites adverse near-term headwinds from competition and U.S. tariffs affecting opalware, vacuum flasks, and stationery exports that make up 30% of portfolio

** Points out China challenge to glassware segment

** 5 other analysts covering stock rate it "buy" or "strong buy"; median PT is 720 rupees - data compiled by LSEG

** Stock down 26.2% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))