Ceat Tyres inked An MOU with the Tamil Nadu government to set-up tyre manufacturing company worth Rs. 4,000 crore in Kanchipuram District of Tamil Nadu State.
The investment will be spread over the next ten years and will offer employment to around a thousand people, which will positively reflect upon the economy, said the company in its release.
Ceat Limited posted its intraday high and low at Rs. 1,314.60 and Rs. 1,257.15 per share, respectively on the BSE. Also, the 52-week high is recorded at Rs. 2,030 and 52-week low recorded at Rs. 1,232.20 per share on the Exchange.
Ceat Limited share closed at Rs.1,300.95 per share, up by 2.42 percent on Friday’s closing, while the BSE benchmark Sensex ended at 35,657.86, up by 83.31 points and NSE’s Nifty50 at 10,772.65, up by 22.90 points.
Pinnacle Market Investment Advisory 