CEAT Stock Reaches All-Time High, Receives 'Buy' Call from MarketsMOJO

CEAT, a leading tyre and allied company in the midcap industry, has been making waves in the stock market with its recent performance. On September 25th, 2024, the company's stock price reached a 52-week high of Rs. 3104.75, which is also an all-time high for the company.

MarketsMOJO, a renowned stock market analysis platform, has given a 'Buy' call for CEAT, further solidifying the company's positive outlook. The stock's performance today has been in line with the sector, and it has been on a consecutive gain for the last four days, with a 7.73% increase in returns during this period.

CEAT's intraday high of Rs. 3104.75, which is a 2.84% increase, is a testament to the company's strong performance. Additionally, the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, CEAT has outperformed the Sensex with a 42.02% increase in its stock price, compared to the Sensex's 28.59% performance. This showcases the company's strong growth and potential in the market.

With its consistent growth and positive outlook, CEAT is definitely a stock to watch out for in the midcap industry. Investors can consider adding CEAT to their portfolio for potential long-term gains.