News for CEAT Limited (CEATLTD.NS)

Sunny Agrawal of SBI Cap Securities advises gradual capital deployment over the next six months, targeting CY26 and CY27 for better returns. He favors domestic consumption stories, particularly BFSI, frontline banks, and select auto segments like tractors. While cautious on IT and metals due to tariff uncertainties, he sees potential in aluminium and specific tyre companies like Ceat.

Ceat Dual-compatible Tyres: All the upcoming products for passenger cars will be compatible with both EVs and ICE vehicles, which will simplify the manufacturing systems and reduce complexity for the tyre maker.

The GIFT Nifty was trading near 22,000 early Tuesday. The futures contract based on the benchmark Nifty 50 was down 0.73% at 22,096 as of 7:40 a.m. indicating a negative start for the Indian markets.

Experts predict market consolidation with standout picks in Tata Motors and Zomato.

CEAT share price: As per BSE, the company's stock has a price-to-equity (P/E) ratio of 23.68 against a price-to-book (P/B) value of 3.34. Earnings per share (EPS) stood at 143.75 with a return on equity (RoE) of 14.11.

From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards. Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.

The Nifty IT index was trading 0.3 per cent at 44581.60.

The Nifty Realty index was trading 0.33 per cent at 1077.45.

In the Nifty50 index, 9 stocks were trading in the green, while 41 stocks were in the red.

Rajdarshan Ind, Indo Us Bio-Tech, Robust Hotels, T T Ltd and Ceat, hit their fresh 52-week highs at 10:29AM.

Agro Tech Foods Limited acquires Del Monte Foods in India, rebrands as Sundrop Brands, with shares trading at ₹1,002.60.

Oct 18, 2024 / 10:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the CEAT Limited Q2 FY25 Earnings Conference Call, hosted by DAM Capital Advis

Indian equity indices fell for the third consecutive session, with the Nifty hitting a two-month low, and market capitalization dropping by Rs 6.03 lakh crore.

Buzzing Stocks Today, Stocks that will see action today: 17 October 2024 - Infosys, Wipro, Axis Bank, Nestle India, LTIMindtree, Tata Chemicals, Tata Communications, Ceat, Havells India, Jindal Stainless, Central Bank of India, Indian Overseas Bank, Dhanlaxmi Bank, Polycab India, Reliance Industries, RVNL, Welspun Corp, Oberoi Realty, Cochin Shipyard, Titagarh Rail, Bikini Foods

A long bullish candle appeared on the Nifty daily chart, signaling a decisive breakout above the 26,000 level after a period of consolidation. The daily chart shows positive patterns, including higher highs and lows, indicating strong upward momentum with minimal downward corrections.

Indian indices hit new highs for the fifth straight session, led by financials and energy, while small-caps declined. Nifty closed at 26,004, up 0.25%. Analysts remain positive on the market, with support at 25,800 and resistance at 26,200-26,250.

Domestic benchmark equity indices, Sensex and Nifty50, closed marginally lower on Friday, weighed down by FMCG and energy stocks. However, they recorded their best weekly performance since the end of June, ahead of a likely rate cut by the Federal Reserve.

Domestic equity indices fell on Wednesday as investors took profits before U.S. inflation data. The Nifty 50 and Sensex both dropped 0.49%. Analysts suggest the Nifty faces support at 24,800 and resistance at 25,200, with potential further declines if key levels are breached.

Indian equity indices rose on Tuesday, with the Nifty 50 up 0.42% and the Sensex up 0.44%, driven by IT and pharma stocks. Analysts anticipate near-term consolidation due to resistance at 25,100 and support around 24,800-24,850, pending U.S. inflation data.