Sell Ceat, target Rs 1,517.40: ICICI Direct

ICICI Direct has a sell call on Ceat with a target price of Rs 1,517.40.
The current market price of Ceat is Rs 1,537.45.
Time period given by the brokerage firm is Intra Day when Ceat price can reach defined target.
ICICI Direct recommended keeping a stop loss at Rs 1,553.60.
Ceat, incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 6,174.10 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.Pierre E Cohade, Mr.Ranjit V Pandit, Mr.S Doreswamy, Mr.Vinay Bansal, Ms.Punita Lal.
Company has SRBC & Co LLP as its auditors.
As on 31-12-2017, the company has a total of 40,450,092 shares outstanding.