Time period given by analyst is Intra Day when Ceat Ltd. price can reach defined target.
Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5576.05 Crore) operating in Tyres sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2292.89 Crore, up 3.04 % from last quarter Total Income of Rs 2225.30 Crore and up 45.40 % from last year same quarter Total Income of Rs 1576.92 Crore. Company reported net profit after tax of Rs 145.20 Crore in latest quarter.
Investment Rationale
For the past couple of weeks, the stock has been gradually rising. The appearance of a bullish candle indicates immediate support near Rs 1,350 and a short-term rally could continue in the counter till Rs 1,430.
Promoter/FII Holdings
Promoters held 46.8 per cent stake in the company as of March 31, 2021, while FIIs held 27 per cent, DIIs 13.7 per cent and public and others 12.6 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
