Nomura Issues Buy Rating for CEAT with Target Price of ₹4,613
Nomura has issued a buy rating for CEAT Limited with a target price of ₹4,613.00 per share. This positive recommendation from the global brokerage firm reflects confidence in the tyre manufacturer's market position and growth potential in India's automotive sector.
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Global brokerage firm Nomura has issued a buy recommendation for CEAT , setting a target price of ₹4,613.00 per share. This positive rating from the international investment bank signals confidence in the tyre manufacturer's business fundamentals and market position.
Brokerage Recommendation Details
The recommendation from Nomura represents a significant endorsement for CEAT's stock performance potential. The target price of ₹4,613.00 suggests the brokerage firm sees substantial upside potential for investors in the tyre manufacturing company.
| Parameter: | Details |
|---|---|
| Brokerage Firm: | Nomura |
| Rating: | Buy |
| Target Price: | ₹4,613.00 |
| Company: | CEAT Limited |
Market Implications
Nomura's buy rating on CEAT reflects the brokerage's assessment of the company's competitive position in India's tyre industry. The recommendation comes as institutional investors continue to evaluate opportunities in the automotive ancillary sector, with tyre manufacturers being key beneficiaries of India's growing vehicle market.
The target price set by Nomura indicates the firm's expectations for CEAT's stock performance, based on their analysis of the company's financial metrics, market dynamics, and growth prospects in the tyre manufacturing segment.
Historical Stock Returns for CEAT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.88% | -7.38% | -9.26% | -6.78% | +18.34% | +172.31% |
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