CEAT Shares Rise on Positive Investec Update

  Published 1 year ago

CEAT shares jumped nearly 2% after Investec raised its price target to 3,700 rupees, citing strong demand, easing raw material costs, and the beneficial CAMSO acquisition. Analysts remain largely bullish on the stock.

  • Investec raised PT to ₹3,700, maintains “buy”.
  • Strong rural & replacement demand boosts CEAT.
  • CAMSO acquisition to add ~9% to FY27 revenue.

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