Buy Ceat; target of Rs 1050: Dynamic Levels

One of India’s leading tyre companies, CEAT is committed to the passionate pursuit of excellance in performance and quality through a range of distinctive products. The company has launched a number of new products in FY 2014-15, which included tubeless tyres for 2-Wheelers, new size introduction for compact SUVs and off road biking tyres. These products have received good responses in their respective markets and segments and contributed to 27% of the turnover. The dealer network comprises of 3500+ dealers, with 300+ CEAT Franchises (Shoppes & Hubs) and over 250 distributors. The CEAT Shoppe network, an exclusive retail channel of the Company, is now nearing 200 outlets as compared to 125 plus outlets at the end of 31st March, 2016.For export markets, the Company has developed tyres tailored to specific export markets. Further to boost international presence, the Company has focused its attention in developing certain export markets through the liaison offices set up in Indonesia and Middle East. These offices have helped the Company to improve sales by establishing local connect with the dealers.

Buy CEAT at the Support levels of 850 with a target of 1050.For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.