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CEAT trades marginally higher on aiming to increase production capacity

26 Jul 2021 Evaluate

Ceat is currently trading at Rs. 1375.00, up by 2.20 points or 0.16% from its previous closing of Rs. 1372.80 on the BSE.

The scrip opened at Rs. 1375.00 and has touched a high and low of Rs. 1380.60 and Rs. 1373.00 respectively. So far 2355 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1763.15 on 04-Feb-2021 and a 52 week low of Rs. 835.05 on 30-Jul-2020.

Last one week high and low of the scrip stood at Rs. 1448.10 and Rs. 1361.60 respectively. The current market cap of the company is Rs. 5552.99 crore.

The promoters holding in the company stood at 46.82%, while Institutions and Non-Institutions held 40.62% and 12.56% respectively.

CEAT is aiming at increasing production capacity to around 1,400 tonnes a day over the next 18 months as it looks to cater to the enhanced demand in both domestic and export markets. The company is already witnessing demand recovery in several of its export markets with improvement in the COVID situation in those geographies.
The company plans to invest about Rs 1,000 crore capital expenditure for various expansion projects this fiscal year. It has already initiated a slew of investments to enhance production capacities across its various plants.

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 0.00 (0.00%)
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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