Ceat Ltd.

NSE: CEATLTD | BSE: 500878 | ISIN: INE482A01020 | Industry: Auto Tyres & Rubber Products
| Mid-range Performer

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Ceat Ltd.
01 Sep 2021
3376.30
1.33%
Hem Securities
PV and 2W segments are seeing strong momentum while T&B segment is going to gradually pick up from H2FY22. High single digit growth is difficult to achieve in FY22 because of high base. Raw material cost is likely to increase by 3% to 4% in Q2FY22 (QoQ) Company has already taken a price hike of ~4% in Q1FY22 and expects to take another 3% hike in Q2FY22....
Ceat Ltd. has an average target of 3362.00 from 6 brokers.
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