BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare initiates CEAT with Buy
CEAT is in an advantageous position. Target for CEAT is based on 10 times forward earnings. Strong branding and dealer network to aid growth. Expect a revenue and net profit growth of 8 per cent and 19 per cent respectively.