CEAT’s stock surged 5% after IIFL reiterated its ‘Buy’ rating, setting a target price of ₹4000, suggesting a 29.62% upside from its current price of ₹3085.80.
Key Highlights:
- The recent Michelin deal is viewed as a strategic fit, expected to boost earnings per share (EPS).
- IIFL forecasts a 7-8% EPS growth by FY26.
- The deal strengthens CEAT’s long-term strategy and positions it for a potential stock re-rating.
CEAT Ltd. shares have recently shown strong performance, opening at ₹3,270.00 with a day high of ₹3,300.00 and a low of ₹3,231.95 today. The stock is currently at its 52-week high of ₹3,300.00, reflecting positive investor sentiment. Over the past year, it has seen a low of ₹2,210.15
As of 9:16 am, CEAT shares were trading 5.79% higher at Rs 3,275.00 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
