CEAT shares in focus after Q3 net profit falls 46% to Rs 97 crore

CEAT shares: CEAT reported a 46.48% decline in consolidated net profit to Rs 97.03 crore for Q3 FY24, due to rising raw material costs. However, revenue grew to Rs 3,299.9 crore, driven by the replacement segment. Analysts maintain a 'Buy' recommendation with a target price of Rs 3,456, indicating a 13% upside.