The global shipping industry faced significant challenges, with spot freight rates increasing by around 105% in three months. Companies like Bajaj Auto and CEAT experienced disruptions similar to the Covid era, highlighting severe container shortages affecting various sectors, including agriculture and automotive.

Surging shipping costs give companies a sinking feeling

Valuations at 17.5 times/14 times FY25E/FY26E consolidated earnings per share appear attractive, hence, the brokerage reiterates Buy rating on the stock.

Ceat Q1 Results Review - Demand Outlook Remains Healthy: Motilal Oswal

Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee.

Expect double-digit growth in int’l tyre biz despite price hike: CEAT

The Indian tyre maker becomes official tyre partner of the football club for next 2 years

CEAT Tyres announces two-year partnership with Bayer 04 Leverkusen

Natural rubber prices at a thirteen-year high ate into Ceat’s operational profitability in April-June, so much so that even premiumisation in the tyre industry couldn’t offset the impact.

Ceat Says More Tyre Price Hikes Are Coming As Costlier Rubber Bites

'We Have Given Capex Guidance Of About 1000 Crores For The Year': CEAT Limited MD & CEO Tells

Tyremaker Ceat reported a 7% increase in net profit with ₹154 crore for the quarter that ended on June 30 as against ₹144 reported last year.

Ceat Q1 results: net profit rise by 7% with ₹154 crore

Expect To Keep Margin In A Narrow Band In FY25: CEAT | CNBC TV18

Earnings

CEAT consolidated net profit rises 6.60% in the June 2024 quarter

Stocks to watch: Shares of firms like Wipro, Infosys, RIL, Paytm, BPCL, JSW Infra, Tech Mahindra, CEAT, and others will be in focus on Friday’s trade.

Stocks To Watch: Wipro, Infosys, RIL, Paytm, BPCL, JSW Infra, Tech Mahindra, And Others - News18

Stocks to Watch on July 19: At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.

Stocks to watch, July 19: Infosys, RIL, Vi, LTTS, Tata Consumer, DRL, CEAT

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

CEAT Limited is engaged in manufacturing and sale of automotive tires, tubes and flaps. The Company manufactures radials for a range of vehicles.

CEAT Ltd