Ceat is currently trading at Rs. 90.30, up by 4.45 points or 5.18% from its previous closing of Rs. 85.85 on the BSE.
The scrip opened at Rs. 87.85 and has touched a high and low of Rs. 96.30 and Rs. 87.00 respectively. So far 42,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.60 on 08-Apr-2011 and a 52 week low of Rs. 66.20 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 96.30 and Rs. 83.55 respectively. The current market cap of the company is Rs. 309.00 crore.
The promoters holding in the company stood at 51.29% while Institutions and Non-Institutions held 16.09% and 32.62% respectively.
Ceat has received an approval to venture into Bangladesh market through establishing a 65 MT/day manufacturing facility over there. The board of directors evaluated couple of overseas projects and approved for the above at its meeting held on February 08, 2012.
Ceat is among the best tyre manufacturers in India. Besides tyres, the company also manufactures and markets tubes and flaps. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks.
The company has posted a 52.30% decline in its net profit of Rs 2.39 crore for the quarter ended December 31, 2011 as compared to Rs 5.01 crore for the same quarter in the previous year. Net sales of the company increased by 18.18% to Rs 1,048.02 crore for the quarter compared to Rs 886.77 crore for the corresponding quarter of the preceding year. The company has reported that the results were adversely impacted by an illegal strike of workers at its Nasik factory from September 30, 2011 to October 22, 2011.
| Company Name | CMP |
|---|---|
| MRF | 129019.35 |
| Apollo Tyres | 473.75 |
| CEAT | 2393.75 |
| Balkrishna Inds. | 3100.50 |
| JK Tyres & Inds. | 416.30 |
| View more.. | |
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