CEAT Stock Reaches All-Time High Amid Strong Market Momentum and Sector Outperformance

CEAT, a prominent player in the Tyres & Allied industry, has shown remarkable performance today, reaching an all-time high. The stock is currently trading just 1.45% below its 52-week high of Rs 3581.45, reflecting strong momentum in the market. CEAT has outperformed its sector by 1.03%, marking a significant achievement as it continues a five-day streak of gains, accumulating a notable 15.72% return during this period.
Today's trading saw CEAT reach an intraday high of Rs 3575, representing a 2.96% increase. The stock's performance metrics are impressive, as it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

In terms of broader performance, CEAT has delivered a 3.25% gain today, contrasting with the Sensex's slight decline of 0.04%. Over the past month, CEAT has surged by 26.01%, significantly outperforming the Sensex's 7.16% increase. Year-to-date, the stock has risen by 10.65%, while its one-year performance stands at an impressive 43.61%. Over the longer term, CEAT has demonstrated exceptional growth, with a staggering 380.63% increase over the past five years.