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CEAT rises on getting nod to invest in Cleanwin Energy Five LLP
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CEAT is currently trading at Rs. 2552.00, up by 11.15 points or 0.44% from its previous closing of Rs. 2540.85 on the BSE.
The scrip opened at Rs. 2560.00 and has touched a high and low of Rs. 2566.00 and Rs. 2545.20 respectively. So far 1742 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2997.25 on 20-Jan-2024 and a 52 week low of Rs. 1992.50 on 23-Jun-2023.
Last one week high and low of the scrip stood at Rs. 2610.10 and Rs. 2495.00 respectively. The current market cap of the company is Rs. 10342.48 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 36.06% and 16.73% respectively.
CEAT has planned to invest Rs 45.00 lakh in Cleanwin Energy Five LLP as per the proposed power delivery agreement to be signed and executed between the Company and Cleanwin Energy Five LLP. The Board of Directors of the Company at its meeting held on June 17, 2024, has approved the same.
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.
