INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on Ceat Ltd
with a target price of Rs 990
The current market price of Ceat Ltd
Time period given by the analyst is Intra Day when Ceat Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 1096
Ceat Ltd., incorporated in 1958, is a midcap company with a market cap of Rs 4291.55 crore.
Ceat Ltd
key Products/Revenue Segments include Automobile Tyres which contributed Rs 5529.03 Crore to Sales Value (87.34 % of Total Sales),
Automobile Tubes which contributed Rs 715.25 Crore to Sales Value (11.29 % of Total Sales), Other Operating Revenue which contributed Rs
47.10 Crore to Sales Value (0.74 % of Total Sales), Scrap which contributed Rs 21.95 Crore to Sales Value (0.34 % of Total Sales), Grants
which contributed Rs 12.73 Crore to Sales Value (0.20 % of Total Sales), Royalty Income which contributed Rs 4.19 Crore to Sales Value (0.06
% of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 1713.93 Crore, down -2.32 % from last quarter Sales
of Rs 1754.61 Crore and up 8.88 % from last year same quarter Sales of Rs 1574.15 Crore Company has reported net profit after tax of Rs
45.94 Crore in latest quarter
Mr.Hari L Mundra, Mr.Mahesh S Gupta, Mr.Paras K Chowdhary, Mr.Pierre E Cohade, Mr.Ranjit V Pandit, Mr.S Doreswamy, Mr.Vinay Bansal,
Company has SRBC Co LLP as its auditoRs As on 31-12-2018, the company has a total of 40,450,092 shares outstanding.
