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Ceat Gets ICICI Securities Downgrade On Rich Valuations
Ceat's valuations remain rich, post the stock's recent run-up (~25% in last two months), ICICI Securities downgrades to Hold, from Add.
04 Jun 2025, 12:52 PM IST 
Ceat indicated that its position in the two-wheeler replacement segment continues to be strong with 36% market share, staying ahead of the next best player, MRF, by ~700bps.
(Source: Jaye Haych/ Unsplash)
While Ceat's medium-term prospects remain strong (with respect to growth/margin), the brokerage remains watchful of US-tariff related uncertainties potentially impacting growth/margins in the near term.
