CEAT shares rally 10%, hit 52-week high as Q2 net profit surges 54% on strong GST-led domestic demand

CEAT Ltd shares surged to a 52-week high after reporting strong Q2 results, with net profit up 54% and revenue rising 12% YoY. EBITDA margins improved, aided by GST reductions and robust domestic demand. Growth was driven by replacement and OEM segments, with strong performance across PV, two-wheeler, and farm tyres.