Ceat, Apollo are a buy: Ambareesh Baliga, Market Expert

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on Ceat Limited.

ET Now: What is your call on the tyre companies like Ceat, Apollo?

Ambareesh Baliga: I have been bullish on tyre companies. The replacement market would be booming, at least for the next foreseeable two to three years. Apollo is a buy, Ceat is a buy. In fact, we saw a decent correction after the results which was a buying opportunity. At the current level, one should look at buying. I have a price target of about Rs 135-140 for Ceat.