BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Motilal Oswal initiates coverage on Ceat with buy
Motilal Oswal has initiated coverage on Ceat with a 'buy' for target price of Rs 1,406/share. It says product mix improvement is likely to continue for Ceat and it expects sales and PAT CAGR of 11 per cent and 25 per cent. Motilal Oswal values Ceat at price to earnings of 10 times for FY19 estimated EPS.