Falcon Tyres currently trading at Rs. 38.95, up by 0.70 points or 1.83% from its previous closing of Rs. 38.25 on the BSE.
The scrip opened at Rs. 39.00 and has touched a high and low of Rs. 39.50 and Rs. 38.45 respectively. So far 15,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 156.00 on 26-Apr-2011 and a 52 week low of Rs. 25.05 on 11-Jan-2012.
Last one week high and low of the scrip stood at Rs. 40.10 and Rs. 35.40 respectively. The current market cap of the company is Rs. 132 crore.
The promoters holding in the company stood at 81.07% while Institutions and Non-Institutions held 0.80% and 18.14% respectively.
Falcon Tyres has received an approval to sell share of its subsidiary company - Monotona Tyres. The board at its meeting held on February 14, 2012 has approved for the same. However, the above is subject to the approval of shareholders and other requisite approval.
Also, the expansion project for the production of tyres at Mysore has started commercial production and the full capacity of plant will be ramped up by the company in due course.
Falcon Tyres manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands for export markets.
| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
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