Analysts say that the high double-digit volume growth for the quarter was a positive surprise and reinforced the company's dominant position in the global off-highway segment.
In Q4FY26, Ceat delivered high growth in all segments including international business, despite geopolitical tensions.
Apollo Tyres, CEAT, Balkrishna Industries share prices could fall up to 24% from current levels, cautions technical analysts Kunal Shah of Mirae Asset Sharekhan.
JM Financial initiated coverage with a 'buy' rating on Balkrishna Industries and a target price of ₹2,540, an upside potential of about 15.5 per cent from Thursday's close
Balkrishna Industries earmarks Rs 3,500 crore to enter India's consumer tyre market, targeting a 2.2x rise in revenue by FY30 under its Vision 2030 strategy.