CEAT LTDLong
Understand CEAT fundamental easily.
CEAT 1340 TARGET
STOPLOSS 1265
CEAT if take support at 1270 because of 200EMA SUPPORT and RSI oversold zone then a bullish trend but financial shows a bearish trend.
Quarter analysis March 2021.
Net sale = 2,290
profit after tax = 153
Means they just got a profit of (153/2290) = 6.6 %
Earning per share= 37.77
material cost is 58% which is high.
expenses increased this quarter from 1894 to 2029 crore total sale is 2290 haha very funny.
stock P/E =11.2
STOPLOSS 1265
CEAT if take support at 1270 because of 200EMA SUPPORT and RSI oversold zone then a bullish trend but financial shows a bearish trend.
Quarter analysis March 2021.
Net sale = 2,290
profit after tax = 153
Means they just got a profit of (153/2290) = 6.6 %
Earning per share= 37.77
material cost is 58% which is high.
expenses increased this quarter from 1894 to 2029 crore total sale is 2290 haha very funny.
stock P/E =11.2
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