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Manulife GL FD buys 2.5 lakh shares of CEAT: Report

12 Nov 2013 Evaluate

Manulife GL FD-Asian SML Cap EQ FD has reportedly bought 2.5 lakh shares or 0.69% stake of CEAT through the open market route. The shares were purchased on an average price of Rs 228.43 valuing the transaction to Rs 5.71 crore.

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

Peers
Company Name CMP
MRF 117887.00
Apollo Tyres 384.40
JK Tyres & Inds. 309.20
Ceat 3061.90
Balkrishna Inds. 2110.05
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