Ceat is currently trading at Rs. 1288.00, up by 0.20 points or 0.02% from its previous closing of Rs. 1287.80 on the BSE.
The scrip opened at Rs. 1290.00 and has touched a high and low of Rs. 1305.00 and Rs. 1290.00 respectively. So far 13,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1422.00 on 06-Oct-2016 and a 52 week low of Rs. 731.20 on 24-Jun-2016.
Last one week high and low of the scrip stood at Rs. 1394.00 and Rs. 1248.80 respectively. The current market cap of the company is Rs. 5,231.01 crore.
The promoters holding in the company stood at 50.76%, while Institutions and Non-Institutions held 33.39% and 15.84% respectively.
Ceat has unveiled a new range of puncture-safe tyres for motorcycles. The tyres have been developed at its research and development centre at Halol in Gujarat. A puncture-safe tyre has a sticky, gum like sealant material layer inside the tyre in the tread area. This material seals the damaged area due to puncture by any penetrating object preventing air loss and avoids the need of immediate repair.
The first set of tyres will be introduced in South India, beginning with Telangana and Andhra Pradesh. These tyres will be gradually supplied to other parts of the country in a phased manner and possibly later to original equipment manufacturers.
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.
| Company Name | CMP |
|---|---|
| MRF | 139665.05 |
| Apollo Tyres | 444.70 |
| CEAT | 3728.00 |
| Balkrishna Inds. | 2329.55 |
| JK Tyres & Inds. | 435.15 |
| View more.. | |
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