Motilal Oswal has buy call on Ceat with a target price of Rs 1850. The current market price of Ceat Ltd. is Rs 1416.1. Time period given by analyst is one year when Ceat price can reach defined target.
Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5737.64 Crore) operating in Tyres sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2292.89 Crore, up 3.04 % from last quarter Total Income of Rs 2225.30 Crore and up 45.40 % from last year same quarter Total Income of Rs 1576.92 Crore. Company reported net profit after tax of Rs 145.20 Crore in latest quarter.