Motilal Oswal Recommends 'BUY' on CEAT with Target Price of Rs 4579
Business
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Moneycontrol•21-01-2026, 12:29
Motilal Oswal Recommends 'BUY' on CEAT with Target Price of Rs 4579
- •CEAT's 3QFY26 earnings, adjusted for one-time expenses, met estimates at INR1.96 billion.
- •Strong volume growth across segments and stable commodity prices led to a 13.6% margin beat.
- •Post-GST rate cuts, tire demand recovery and favorable input costs benefit the industry.
- •The recent Camso acquisition is expected to yield long-term benefits for CEAT.
- •Motilal Oswal reiterates a 'BUY' rating on CEAT, setting a target price of INR4,579.
Why It Matters: Motilal Oswal maintains a 'BUY' rating on CEAT, projecting a target price of Rs 4579.
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