RPG group stock zooms 56% from April low; hits all-time high today

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RPG group stock zooms 56% from April low; hits all-time high today - Business Standard

Quick Summary:

Ceat hit a record high of ₹3,624.05, rallied 5.5% on the BSE in Tuesday's intra-day trade on expectation of margin improvement in the upcoming quarters, due to lower crude prices recently.

Given the reduction in input cost, the brokerage firm has raised FY26/ FY27 EPS estimate by 4 per cent/ 8 per cent.

The board has recommended a dividend of ₹30, i.e.300 per cent per equity share of face value of ₹10 each fully paid up, for FY2024-25, subject to approval of shareholders at the ensuing Annual General Meeting, which will be paid/ dispatched within 30 days of such approval.