Ceat Tyres Report for High Volume Profit Calls

Realization on sales at Ceat Tyres was lower on account of lower rubber price and price cuts taken on various product categories in the past few quarters. There are a few reasons for the margin contraction. One, the moderation in rubber prices during the quarter could reflect in the profit and loss account with a lag. That’s why we had forecast lower profitability as the company would have to account for the high-cost rubber inventory of the previous quarter.

Trading Advices: Trader can Sold Ceat tyre at around 1305 targets 1290, 1275 Stop Loss 1321.

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