CEAT shares continue their bull run for fourth straight year; will the rally continue?

CEAT is one of India’s leading tyre brands and the flagship company of the RPG Group. The company's shares have consistently delivered strong returns to shareholders.

Tyre stocks including CEAT, Apollo gained up to 95% in last one year; do you own any?

CEAT and Apollo Tyres have seen significant gains in their share prices, with the former surging 95% and the latter rising 81%.

Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?

CEAT and Apollo Tyres have both reported significant increases in net profits for the Q4 FY23. CEAT's net profit grew by 428% YoY to ₹132 crore, while Apollo Tyres consolidated net profit surged over three-fold to Rs. 427 crore.

Tyre stocks comparison: CEAT vs Apollo Tyres post Q4 earnings

CEAT shares surge 5.6% to hit four-month high after Q4 earnings beat market estimates

Founded in 1958, CEAT is one of India’s leading tyre brands and the flagship company of the RPG Group. The company recorded a consolidated revenue of Rs. 11,315 crore, EBITDA of ₹982 crore, and profit after tax of ₹182 crore for the full fiscal year FY22–23.

Tyre stocks gained up to 15% last month on falling key input prices; what lies ahead?

Shares of Apollo Tyres reached a new record high of ₹353.3 apiece on April 28, and from its June low of ₹176, the stock has generated a return of almost 97% to date. Similarly, TVS Srichakra shares have also grown significantly in the last ten months, generating a return of 84%.

April brings significant gains for major tyre companies

The shares of major tyre companies such as MRF, Ceat, and JK Tyre &amp; Industries rose between 6% and 15.20% during last month, while other stocks, including Goodyear India and Balkrishna Industries, witnessed gains ranging from 3.40% to 11.30%.

Falling raw material costs lift Tyre stocks; analysts expect margin recovery

Domestic brokerage firm Motilal Oswal Financial Services believes that moderation in raw material (RM) prices will boost the margin recovery of tyre manufacturers. WTI crude futures fell 8.09% to $73.77 a barrel. Brent crude futures dropped 8.56% to $78.56 a barrel.

MRF drops 7% after profit margins hit by high costs

MRF's overall expenses increased as a result of higher raw material prices, which reduced profit margins. During the second quarter, total expenses jumped by 21.86% to ₹5,345.7 crore, compared with ₹4,386.7 crore in the corresponding period last year.

Tyre stocks are on a bull run due to a surge in demand and drop in crude prices

In Thursday's trade, Apollo Tyres set a new 52-week high of ₹279.8 on the BSE. The stock gained 10.50% in the last week to ₹278.15 from ₹251.70. Similarly, Ceat's stock has increased 44 percent in the last three months. JK Tyre, on the other hand, increased 10.87 percent in the last week.

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CEAT shares continue their bull run for fourth straight year; will the rally continue?

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Tyre stocks including CEAT, Apollo gained up to 95% in last one year; do you own any?

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Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?

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Tyre stocks comparison: CEAT vs Apollo Tyres post Q4 earnings