CEAT surges on acquiring Michelin Group`s CAMSO Construction Compact Line Business
Ceat is currently trading at Rs. 3276.55, up by 72.45 points or 2.26% from its previous closing of Rs. 3204.10 on the BSE.
The scrip opened at Rs. 3208.20 and has touched a high and low of Rs. 3334.00 and Rs. 3208.20 respectively. So far 9028 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4048.95 on 15-Jul-2025 and a 52 week low of Rs. 2322.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 3334.00 and Rs. 3039.90 respectively. The current market cap of the company is Rs. 13170.15 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 37.46% and 15.33% respectively.
CEAT has made a substantial advancement in its Off-Highway Tyres (OHT) growth strategy by officially acquiring Michelin Group’s CAMSO Construction Compact Line Business, including their Sri Lanka-based Midigama plant and Casting Product plant in Kotugoda. This transaction also grants CEAT global ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year licensing period. CEAT’s acquisition of CAMSO brand marks a major milestone in its journey to becoming a leading global player in the high-margin OHT segment.
Over the past decade, CEAT has built a strong agricultural portfolio, and with CAMSO’s expertise in compact construction equipment tracks and tyres the combined strengths open doors to over 40 global OEMs and premium international OHT distributors. Michelin will exit from the activities related to compact line bias tyres and construction tracks. With the Compact Construction Equipment business of CAMSO now part of its portfolio, CEAT moves confidently towards its vision of becoming the world’s most trusted name in Off-Highway Tyres and tracks.
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.
