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Two-wheeler tyre market leader CEAT is betting on electrification and premiumisation as it targets a top line of Rs 17,000 crore in three years. But competition is intensifying and it must strive hard to consolidate its lead - Issue Date: Feb 04, 2024 ....
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period.
Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres underperformance.
The tyre sector s gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales. ....
CEAT Share Price Graph And News - StockManiacs stockmaniacs.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmaniacs.net Daily Mail and Mail on Sunday newspapers.
Its revenue from operations was at Rs 2,727 crore in the reviewed quarter, against Rs 2,413 crore in the corresponding quarter the previous year,, , Ceat Tyres, ceat ....
Its revenue from operations was at Rs 2,727 crore in the reviewed quarter, against Rs 2,413 crore in the corresponding quarter the previous year, according to a statement shared with exchanges. ....