Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Recos

11,661.8575.5
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sell Ceat, target Rs 900: Jay Thakkar

Sell Ceat Ltd. at a price target of Rs 900.0 and a stoploss at Rs 935 from entry point.

ETMarkets.com|
Updated: Sep 16, 2019, 09.43 AM IST
0Comments
Buy-sell11
Jay Thakkar of Anand Rathi has a sell call on Ceat Ltd. with a target price of Rs 900. The current market price of Ceat Ltd. is Rs 914.7. Time period given by the analyst is Intra Day when Ceat Ltd. price can reach defined target. Jay Thakkar recommended to keep stoploss at Rs 935. Ceat Ltd., incorporated in 1958, has a market cap of Rs 3761.45 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 30-06-2019, the company has reported a Consolidated sales of Rs 1752.10 Crore, down -.48 % from last quarter Sales of Rs 1760.47 Crore and up 1.75 % from last year same quarter Sales of Rs 1722.03 Crore Company has reported net profit after tax of Rs 76.96 Crore in latest quarter. The company’s 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.Vinay Bansal, Ms.Punita Lal. Company has SRBC & Co LLP as its auditors. As on 30-06-2019, the company has a total of 40,450,092 shares outstanding.

Also Read

Sell Voltas, target Rs 602: Jay Thakkar

Sell Vedanta, target Rs 141: Jay Thakkar

Buy Syngene, target price Rs 324: Jay Thakkar

Buy Asian Paints, target Rs 1.855: Jay Thakkar

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service