Motilal Oswal Recommends 'BUY' on CEAT with Target Price of Rs 4579

• CEAT's 3QFY26 earnings, adjusted for one-time expenses, met estimates at INR1.96 billion.
• Strong volume growth across segments and stable commodity prices led to a 13.6% margin beat.
• Post-GST rate cuts, tire demand recovery and favorable input costs benefit the industry.
• The recent Camso acquisition is expected to yield long-term benefits for CEAT.
• Motilal Oswal reiterates a 'BUY' rating on CEAT, setting a target price of INR4,579.

Why It Matters: Motilal Oswal maintains a 'BUY' rating on CEAT, projecting a target price of Rs 4579.