CEAT Ltd News

Buy & Sell Ideas for Sep 16; top stock picks by Rajesh Bhosale of Angel One

For over 8 months, CEAT has faced resistance around the 2,900 level. However, prices have now broken this range, confirming a strong 'Inverse Head and Shoulders' breakout

Ceat commences commercial production at Tamil Nadu plant; stock up 2%

The installed capacity of the plant is expected to progressively reach 1,500 tyres per day in the next 12 months

Stocks to Buy: CEAT, Star Health are top picks of Vinay Rajani of HDFC Sec

CEAT is on the verge of breaking out from inverted head and shoulder pattern on the daily chart. Price rise was accompanied by healthy volumes

Expect double-digit growth in int'l tyre biz despite price hike: CEAT

Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of increase towards the end of July but is betting on robust demand across categories and turnaround of the rural market to drive growth. "We would like to think that unless there are some unforeseen headwinds, the growth will be steady and positive. We would like to maintain double-digit growth in the replacement segment and international business," Banerjee told PTI. As for the company's sales to OEM, he said, "We see growth potential much ahead of 3 per cent in the passenger segment for CEAT on the basis of the model pipeline". In the first quarter of the ongoing fiscal, the company had posted good topline growth as rural demand has come back while .

CEAT Tyres announces two-year partnership with Bayer 04 Leverkusen

The Indian tyre maker becomes official tyre partner of the football club for next 2 years

CEAT Q1 results: Profit rises 2.74% to Rs 149.79 cr, revenue up 8.79%

On a sequential basis, the company exhibited a 6.73 per cent increase in revenue, along with PAT, which also rose by 32.04 per cent

Amid price hike reports, shares of tyre companies rally for second day

According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).

Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%

Balkrishna Industries said in its FY24 annual report said that there has been a notable increase in demand for vehicles globally, which provide growth opportunities for tire industry.

CEAT stock plunges 9% as Q4 net misses Street expectations

CEAT stock reacts to Q4 earnings; CEAT March quarter net dipped 23 per cent YoY to Rs 102 crore as against the Bloomberg analyst expectations of Rs 169 crore.

Ceat Q4 results: Net profit falls 18.8% to Rs 109 cr on higher rubber costs

Ceat, whose customers include automakers Maruti Suzuki and Mahindra & Mahindra, is the first Indian tyremaker to report results this quarter