Buy Ceat, target Rs 2,040: Manas Jaiswal

Buy Ceat Ltd. at a price target of Rs 2040.0 and a stop loss at Rs 1950 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on Ceat with a target price of Rs 2,040.

The current market price of Ceat is Rs 1974.35.

Time period given by the analyst is 'Intra Day' when Ceat price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 1,950.

Ceat, incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 7,859.05 Crore) operating in Tyres sector.

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.Ranjit V Pandit, Mr.S Doreswamy, Mr.Vinay Bansal, Ms.Punita Lal.
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Company has SRBC & Co LLP as its auditors.

As on 30-09-2017, the company has a total of 40,450,092 shares outstanding.
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