CEAT Ltd
CEATLTD

1,266.10

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

1,266.45

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

1,268.40

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

View

Accumulate
Reco. Price
Rs 1242.00

Last updated on 02-Dec-2016

We recommend Accumulate on the stock on account of its focus towards better product mix and higher margin products to boost profitability. Strong demand in Passenger segment and tie-ups with OEM’s will boost topline by ~6% in FY17E. Company is currently trading at FY17E P/E of 10x. (Target – Rs 1350)
Detailed View
50 DMA (.)
1,262.40
100 DMA (.)
1,096.62
200 DMA (.)
1,041.49
Weekly Range (.)
1,222.00
1,303.00
Monthly Range (.)
1,111.00
1,370.00
52 Weeks Range (.)
730.00
1,420.00
Detailed Chart