Ceat moves higher on reporting many fold jump in Q1 consolidated net profit
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Ceat is currently trading at Rs. 2575.05, up by 98.05 points or 3.96% from its previous closing of Rs. 2477.00 on the BSE.
The scrip opened at Rs. 2556.05 and has touched a high and low of Rs. 2592.50 and Rs. 2513.15 respectively. So far 54224 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2640.00 on 10-Jul-2023 and a 52 week low of Rs. 1200.00 on 26-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2592.50 and Rs. 2364.05 respectively. The current market cap of the company is Rs. 10317.40 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 38.40% and 14.39% respectively.
Ceat has reported many fold jump in its net profit at Rs 159.44 crore for first quarter ended June 30, 2023 as compared to Rs 2.55 crore for the same quarter in the previous year. Total income of the company increased by 4.69% at Rs 2,937.35 crore for Q1FY24 as compared Rs 2,805.84 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 16-fold jump in net profit at Rs 144.01 crore for the quarter ended June 30, 2023 as compared to Rs 8.68 crore for the same quarter in the previous year. Total income of the company increased by 4.16% at Rs 2,938.42 crore for Q1FY24 as compared Rs 2,821.14 crore for the corresponding quarter previous year.
