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Ceat surges on getting nod to raise funds up to Rs 500 crore through NCDs

25 May 2015 Evaluate

Ceat is currently trading at Rs 793.90, up by 22.00 points or 2.85% from its previous closing of Rs 771.90 on the BSE.

The scrip opened at Rs 793.00 and has touched a high and low of Rs 810.60 and Rs 788.50 respectively. So far 83692 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1009.00 on 12-Nov-2014 and a 52 week low of Rs. 419.10 on 30-May-2014.

Last one week high and low of the scrip stood at Rs 818.95 and Rs 741.00 respectively. The current market cap of the company is Rs 3211.94 crore.

The promoters holding in the company stood at 50.76% while Institutions and Non-Institutions held 29.98% and 19.26% respectively.

Ceat has received an approval to issue non-convertible debentures (NCDs) amounting up to Rs 500.00 crore in one or more tranches, subject to approval of members of the company. The board of directors at their meeting held on May 22, 2015 has approved for the same.

Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.

CEAT Share Price

3713.55 12.90 (0.35%)
17-Apr-2026 16:59 View Price Chart
Peers
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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