InvestorQ : How do you think the latest quarter results of Ceat Ltd will impact the stock price?
Riya Dwivedi made post

How do you think the latest quarter results of Ceat Ltd will impact the stock price?

Answer
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rhea Babu answered.
4 months ago


Ceat reported 19% drop net profits at Rs.52 crore largely due to lower vehicle sales during the quarter, which saw lockdown imposed during the festive season. Total revenues were down 11% at Rs.1573 crore in the Mar-20 quarter. Its FY20 full year profits stood at Rs.231 crore; 8% lower. The fortunes of the stock will depend on a pick-up in auto demand.