CEAT rose 2.84% to Rs 137.55 at 15:21 IST on BSE after the firm reported 228.62% rise in net profit in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 142 and a low of Rs 132.50 so far during the day. The stock had a 52-week high of Rs 244 on
The small-cap automobile tyres maker has an equity capital of Rs 34.24 crore. Face value per share is Rs 10.
The current price of Rs 137.55 discounts its Q3 December 2007 annualised EPS of Rs 22.45, by a PE multiple of 6.12.
The net profit of CEAT rose 228.62% to Rs 76.93 crore on 14.80% rise in sales to Rs 646.23 crore in Q4 March 2008 over Q4 March 2007.
CEAT, previously Ceat Tyres, the flagship of the RPG group, manufactures steel-belted radials for passenger cars. The range of tyres manufactured is marketed under the Ceat, Samraat and Secura brand names.
No comments:
Post a Comment