CEAT Shares Bounce Back 6% After Nuvama, Motilal Oswal Assign 'Buy' Following Camso Deal

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 CEAT shares saw a significant 6% rebound in trading today, following positive outlooks from two major brokerage firms. Nuvama and Motilal Oswal both assigned a 'buy' rating to the stock after the company announced its acquisition of Camso, a move that is expected to bolster CEAT's portfolio and market presence.



The acquisition deal, which was revealed earlier this week, marks a strategic step for CEAT in expanding its footprint in the global market. Both Nuvama and Motilal Oswal have expressed optimism about the long-term benefits of the deal, citing enhanced capabilities in the off-highway tire segment and the synergies expected from integrating Camso’s operations into CEAT's.

Investors responded positively to the news, driving CEAT’s share price up by 6%, reflecting confidence in the company’s future growth prospects. This surge comes as a relief following earlier fluctuations in the stock, positioning CEAT as an attractive investment opportunity for market participants.

With the endorsement of Nuvama and Motilal Oswal, CEAT’s shares are expected to maintain their upward trajectory in the coming weeks, bolstered by the strategic benefits of the Camso acquisition.

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