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Ceat rises on plan to invest Rs 2,800 crore over next five years for incremental capacity

19 Dec 2016 Evaluate

Ceat is currently trading at Rs. 1250.50, up by 3.20 points or 0.26% from its previous closing of Rs. 1247.30 on the BSE.

The scrip opened at Rs. 1258.80 and has touched a high and low of Rs. 1265.00 and Rs. 1236.00 respectively. So far 21338 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. 1295.55 and Rs. 1226.15 respectively. The current market cap of the company is Rs. 5050.19 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 received an approval for investment of approximately Rs 2,800 crore over a period of five years up to FY2022 towards incremental capacity of 1 million tyres per annum for Truck Bus Radial, 17 million tyres per annum for 2-Wheelers and 6 million tyres per annum for Passenger Car Radials.

The board of directors at its meeting held on December 16, 2016, has approved for the same. The investments are proposed to be funded through a blend of debt and equity.

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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