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CEAT inches up on joining hands with ReadyAssist to enter roadside assistance service segment

  • bitnet infotech
  • August 20, 2020
  • 10:07 am

CEAT is currently trading at Rs. 875.00, up by 1.20 points or 0.14% from its previous closing of Rs. 873.80 on the BSE.

The scrip opened at Rs. 868.50 and has touched a high and low of Rs. 877.45 and Rs. 868.50 respectively. So far 6538 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1101.00 on 12-Feb-2020 and a 52 week low of Rs. 601.50 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 896.95 and Rs. 866.10 respectively. The current market cap of the company is Rs. 3536.96 crore.

The promoters holding in the company stood at 46.69%, while Institutions and Non-Institutions held 37.24% and 16.07% respectively.

CEAT has made its entry in the roadside assistance (RSA) service segment by joining hands with ReadyAssist. Bengaluru-based ReadyAssist is a round-the-clock roadside service assistance provider which offers services across various other cities such as Mumbai, Mysore, Gurugram and Hyderabad.

These services initially will be available in Bengaluru and Hyderabad, which will soon expand across 20 cities in the country within a month.

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.

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