New Delhi, Oct. 23 -- Ceat Ltd stock hit a new 52-week high of Rs.4,350.60 on Tuesday, buoyed by upbeat margin and demand outlook. Stable input costs would keep the tyre maker's margins comfortable in a seasonally weak December quarter (Q3FY26).

Benign raw material costs pushed Ceat's operating margin higher by over 200 basis points both year-on-year and sequentially in Q2FY26. Thus, consolidated Ebitda margin at 13.3% beat consensus estimate of 11.6%.







Raw material basket declined 5% sequentially in Q2FY26 with crude oil prices steady at around $65 per barrel, international rubber prices at $1,700-1,750 per tonne, the management said.

Synthetic rubber prices were 3.0-3.5% lower, and nylon fabric prices were 2.0-2.5% lower sequent...