Manas Jaiswal of manasjaiswal.com has a buy call on Ceat Ltd.
with a target price of Rs 1450.
The current market price of Ceat Ltd.
is Rs 1342.35 Time period given by analyst is Intra Day when Ceat Ltd.
price can reach defined target.
Manas Jaiswal recommended to keep stoploss at Rs 1300.
Ceat Ltd., incorporated in 1958, is a midcap company with a market cap of Rs 5485.64 crore.Ceat Ltd.
key Products/Revenue Segments include Automobile Tyres which contributed Rs 5591.28 Crore to Sales Value (87.68 % of Total Sales), Automobile Tubes which contributed Rs 741.76 Crore to Sales Value (11.63 % of Total Sales), Scrap which contributed Rs 17.53 Crore to Sales Value (0.27 % of Total Sales), Grants which contributed Rs 13.02 Crore to Sales Value (0.20 % of Total Sales), Other Operating Revenue which contributed Rs 8.61 Crore to Sales Value (0.13 % of Total Sales), Royalty Income which contributed Rs 4.31 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1706.33 Crore, up 1.94 % from last quarter Sales of Rs 1673.86 Crore and up 16.89 % from last year same quarter Sales of Rs 1459.73 Crore Company has reported net profit after tax of Rs 66.62 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 30-06-2018, the company has a total of 40,450,092 shares outstanding.