Ceat drops 2%; unveils new range of puncture-safe tyres for motorcycles

India Infoline News Service | Mumbai | October 19, 2016 11:16 IST

The company 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.

CEAT tyres
CEAT Ltd is currently trading at Rs 1303.05, down by Rs 28.6 or 2.15% from its previous closing of Rs 1331.65 on the BSE. The company 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.

The scrip opened at Rs 1332 and has touched a high and low of Rs 1332 and Rs 1287 respectively. So far 854931 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5386.54 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1422 on 06-Oct-2016 and a 52 week low of Rs 731.2 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 1395.1 and Rs 1248.8 respectively.

The promoters holding in the company stood at 50.76 % while Institutions and Non-Institutions held 31.38 % and 17.86 % respectively.

The stock is currently trading above its 50 DMA.
BSE 1,231.80 [28.25] ([2.24]%)

***Note: This is a NSE Chart

 

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