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Ceat Ltd. shares hit a life high after the company’s Q2 financial results exceeded expectations, with consolidated revenue growing 14% year-on-year and net profit jumping 52%. What’s driving the stock and what do investors need to know?
Ceat’s Q2 performance was driven by strong topline momentum and improved margins, with the company well-positioned in the electrification trend. Nirmal Bang maintains a ‘Buy’ rating on the stock.
Ceat Ltd. shares have hit a life high after the company’s Q2 financial results exceeded expectations. Here’s what Indian investors need to know about the latest developments in the tyre industry.