Shares of Ceat surged 11% on December 9 to hit a new all-time high at Rs 3,427.90. The stock has risen by nearly 40% year-to-date in 2024, showcasing robust performance.
Stock Details:
- Current Share Price: Rs 3,427.90
- Target Price by IIFL: Rs 4000
- Upside Potential: 29.62%
- 52-Week Range: Rs 2,328.45 – Rs 3,427.90
Recent Developments: IIFL retained its ‘Buy’ rating on Ceat, citing the recent Michelin deal as a key strategic move. The deal is expected to contribute 7-8% EPS accretion by FY26, enhancing the company’s long-term growth trajectory. IIFL’s positive outlook comes amidst favorable valuations and strong strategic alignment post the deal.
Ceat Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 6 2024
|
₹3,115.45
|
₹3,095.70
|
|
|
Thu, Dec 5 2024
|
₹3,153.80
|
₹3,084.65
|
-1.83%
|
|
Wed, Dec 4 2024
|
₹3,119.05
|
₹3,142.05
|
|
|
Tue, Dec 3 2024
|
₹3,128.70
|
₹3,104.05
|
-0.11%
|
|
Mon, Dec 2 2024
|
₹3,083.25
|
₹3,107.45
|
|
|
Fri, Nov 29 2024
|
₹2,973.00
|
₹3,078.15
|
|
|
Thu, Nov 28 2024
|
₹2,973.00
|
₹2,972.85
|
-0.04%
|
|
Wed, Nov 27 2024
|
₹2,979.95
|
₹2,973.95
|
|
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.
