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.
is Rs 1060.95.
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.
The companys top management includes Mr.Anant Vardhan Goenka, Mr.Arnab Banerjee, Mr.Atul C Choksey, Mr.H V Goenka, Mr.Haigreve Khaitan, 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, Ms.Punita Lal.
Company has SRBC Co LLP as its auditoRs As on 31-12-2018, the company has a total of 40,450,092 shares outstanding.