Ceat can go up to Rs 145-150: Baliga

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, “From the recent results that we have seen, Ceat is something which has slightly surprised on the higher side. I have been recommending that stock for quite a while because the replacement market and the rubber price is coming down. This has been playing out, so Ceat is one stock which can further move up from here possibly to levels of about Rs 145-150.”

“Talwalkars Better value Fitness is another one where it has been more or less in line with expectation. We are still seeing a growth of about 35-36 percent year-on-year (Y-o-Y) so that is another stock to be looked at,” Baliga said.