Page 3 - Ceat

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

Vinay Rajani of HDFC Securities suggests buying these stocks on August 28

Trend of the Nifty is bullish and long positions should be held with 24,875 stoploss on closing basis. On the higher side, 25,078, 25,300 and 25,500 are the next resistances.

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

Tyre manufacturers Ceat and Apollo to hike prices as input costs soar

Crude prices, which hovered around $88 to 90 over the past three months, represent a 6 to 8 per cent increase from the previous quarter, adding further strain on manufacturers' margins

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

Stocks to Watch, March 15: BPCL, IOC, IIFL Finance, Paytm, YES Bank, Biocon

Stocks to Watch on Friday, March 15, 2024: The Centre has reduced prices of petrol and diesel by Rs 2 per litre, effective from March 15, 6 AM

Ceat Q3 PAT rises 5-fold as margin pressure eases, reaches Rs 181.48 cr

Ceat's share price rose by 4.34 per cent, ending the day's trade at Rs 2,875 apiece on the BSE

CEAT shifts gears, forays into steel radial tyres for two-wheelers

The company, which on Friday launched its new premium range of two-wheeler steel radial tyres, is targetting both aftermarket and original equipment manufacturer (OEM) segments

Tyre manufacture Ceat gets Rs 1.98 crore GST notice, company to file appeal

Tyre maker CEAT Ltd on Thursday said it has received a demand notice of Rs 1.98 crore for GST, along with a penalty from the Additional Commissioner, CGST, and Central Excise. The demand pertains to the disallowance of transitional credit and Trans2 credit under the applicable provisions of the CGST Act, 2017, the company said in a regulatory filing. The Additional Commissioner, CGST & Central Excise, Vadodara-II, issued the order for a demand of Rs 1.80 crore, along with a penalty of Rs 18 lakh, it added. "The company is in the process of analysing the matter and taking appropriate action for an appeal to be filed with the appellate authority," CEAT Ltd said. On the impact on financial, operation or other activities of the company quantifiable in monetary terms to the extent possible, CEAT said, "(It is) not ascertainable at this stage.

2W replacement tyre demand in rural market yet to see full revival: CEAT MD

Rural demand for two-wheeler tyres in the replacement segment is yet to see a complete revival but there is optimism that the festive season will give it a fillip, according to CEAT Ltd MD & CEO Arnab Banerjee. With crude prices rising again after the recent geopolitical disturbance, there is uncertainty over crude-based raw material costs and if prices increase it could be a dampener to future growth. "The two-wheeler replacement market is growing year-on-year in strong single digits, which is much much different from quarter one. However, we are yet to see a complete revival in rural demand," Banerjee told PTI. On the challenges in the rural market, he said while monsoon has been good in several parts of the country it was patchy and most of East and North East India didn't get good monsoon. Usually in Q2 demand dips in Q2 because of monsoon but it has not happened, he said adding, "So the market is in a similar state. It has not accelerated yet. Banerjee, however, said in the .

Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM

Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.

Deming Grand Prize aligns with our quality objectives, says CEO Ceat Tyres

We first received the Deming Award in 2017, and earning the Grand Award now underscores our dedication, says Bannerjee

Supercross India plans to invest Rs 150 cr in 3yrs to create racing infra

Supercross India Pvt Ltd, the parent firm of CEAT Indian Supercross Racing League, on Thursday said it plans to invest Rs 150 crore in the next three years. The investment will be towards creating racing infrastructure, grassroots development and ensuring that world-class events across India are held in the next three years, the company said in a statement. "This financial commitment will empower us to implement state-of-the-art technologies and infrastructure, ensuring that our league stands head and shoulders above all other global Supercross events," Supercross India Pvt Ltd co-founder and Director Veer Patel said. CEAT Indian Supercross Racing League (ISRL) is gearing up for its first season, which is set to take place in December 2023, the statement said. Initially, it had planned to start the season in October but was pushed back due to a scheduling conflict with the ICC Cricket World Cup, it said, adding the first season of the league will have races at different venues, and

Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares

Ceat zooms 19% to hit an all-time high; m-cap crosses Rs 10,000 crore-mark

In the past two months, the market price of Ceat skyrocketed 50 per cent after margins expansion of the company were back to double digit in the January-March quarter (Q4FY23).

MRF hits Rs 100,000 mark; stock touches record high on the BSE

So far in the current calendar year 2023, MRF has outperformed the market by gaining 14% on improved financial performance. In comparison, the S&P BSE Sensex gained 3% during the period