Sharmila Joshi of Peerless Securities told CNBC-TV18, "With a slightly longer-term horizon and with a good entry point, one can look at a stock like a Ceat because in terms of valuations it is available at a very reasonable level. Rubber prices have moved and they are expected to stay within this range."
"So, this commodity prices coming down has worked well for all tyre companies and we have seen the improved numbers from Ceat. So given that we have a buy on the stock with a target of about Rs 141," she said. Also Read: No risk to Cooper deal; completion by Oct: Apollo Tyres
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