CEAT Ltd
CEATLTD

1,525.90

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,520.80

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,480.30

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 1466.00
We recommend ACCUMULATE on the stock on account of strong demand with capacity expansion. The strong OEM tie-ups will drive topline growth of ~ 7% CAGR over FY16-18E. The stock is trading at a P/E of 13.3x on FY18E earnings.(Target Price– Rs.1,563.6)
Detailed View
50 DMA (.)
1,284.79
100 DMA (.)
1,240.66
200 DMA (.)
1,160.75
Weekly Range (.)
1,432.25
1,588.00
Monthly Range (.)
1,274.00
1,588.00
52 Weeks Range (.)
730.00
1,588.00
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