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CEAT gains Rs388-cr mcap
image for illustrative purpose
New Delhi: Shares of tyre maker CEAT Ltd ended with a jump of nearly six per cent on Tuesday after the company reported a steep rise in consolidated net profit at Rs207.72 crore for the September quarter.
Helped by the encouraging earnings, the stock rallied 11 per cent to Rs2,333.90 on the BSE during the day. It later ended at Rs2,197.15, up 4.56 per cent. At the NSE, the stock jumped 11.18 per cent to Rs2,337 in intra-day. The stock ended with a gain of 5.90 per cent at Rs2,226.15. The company added Rs 387.72 crore, taking its market valuation to Rs8,887.49 crore.