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Shares of tyre maker CEAT plummeted 9% to Rs 2,383 in Friday s intraday trade on BSE after the company reported a 23% decline in its net profit to Rs 102 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 132 crore in the January-March quarter of 2022-23. ....
"CEAT's stock may give a superb rally in the upcoming days. One can go long on the counter expecting a target price of Rs 2,500. Keep stop placed below Rs 2,420," said Kiran Jani told Business Today TV. ....
The company released its Q2FY24 numbers after market hours on Monday, with its consolidated net profit growing by 3125% YoY to ₹207 crore in the second quarter as compared to a net profit of ₹6.4 crore in the corresponding quarter of the last fiscal year. ....