CLSA Assigns Outperform Rating to CEAT with Target Price of ₹4,823
CLSA has issued an Outperform rating for CEAT Limited with a target price of ₹4,823.00, reflecting positive sentiment towards the tyre manufacturer. The rating indicates the brokerage's expectation that CEAT's stock will outperform the broader market. CEAT operates in the automotive tyre segment with a diverse product portfolio serving domestic and international markets.
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Global brokerage firm CLSA has assigned an Outperform rating to CEAT Limited, accompanied by a target price of ₹4,823.00 for the tyre manufacturer's stock.
Analyst Recommendation Details
The research recommendation from CLSA reflects the brokerage's positive outlook on CEAT's business prospects and stock performance potential.
| Parameter: | Details |
|---|---|
| Brokerage: | CLSA |
| Rating: | Outperform |
| Target Price: | ₹4,823.00 |
About CEAT Limited
CEAT Limited is a prominent player in the Indian tyre manufacturing industry, offering a comprehensive range of tyres for various vehicle segments including passenger cars, commercial vehicles, two-wheelers, and specialty applications. The company serves both domestic and export markets with its diverse product portfolio.
The Outperform rating typically indicates that the brokerage expects the stock to perform better than the broader market or sector average over the specified investment horizon. This positive assessment by CLSA suggests confidence in CEAT's operational performance and growth trajectory in the competitive tyre manufacturing sector.
Historical Stock Returns for CEAT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.84% | -7.34% | -9.22% | -6.74% | +18.39% | +172.43% |
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