CEAT declines on reporting 47% fall in Q3 consolidated net profit
Ceat is currently trading at Rs. 2884.80, down by 172.70 points or 5.65% from its previous closing of Rs. 3057.50 on the BSE.
The scrip opened at Rs. 2949.95 and has touched a high and low of Rs. 2949.95 and Rs. 2840.00 respectively. So far 25531 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3581.45 on 09-Dec-2024 and a 52 week low of Rs. 2211.00 on 13-May-2024.
Last one week high and low of the scrip stood at Rs. 3120.00 and Rs. 2840.00 respectively. The current market cap of the company is Rs. 11674.10 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 36.39% and 16.40% respectively.
CEAT has reported 45.68% rise in net profit at Rs 95.97 crore for third quarter ended December 31, 2024 as compared to Rs 176.66 crore for the same quarter in the previous year. However, total income of the company increased by 11.60% at Rs 3,294.99 crore for Q3FY25 as compared to Rs 2,952.42 crore for the corresponding quarter previous year.
