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CEAT stock tumbles 7% after Q1 profit collapses 96%; margin pressure overshadows Rs 1,205 crore expansion...

in5points

  1. CEAT's stock fell 7% after Q1 net profit dropped 96.4% to Rs 4 crore.

  2. Margin pressure overshadowed the company's Rs 1,205 crore expansion plan.

  3. CEAT shares were among the top smallcap losers on Friday.

  4. The weak Q1 earnings report drove the sharp decline.

  5. The expansion plan aims to increase capacity despite current profitability challenges.

6h ago · original ↗