CEAT, the RPG-Group-owned tyre manufacturer, got off to a solid start in the intraday trading session on Thursday, March 20. This came to pass after the company recently launched a set of new advanced-tech tyres in India.
New Advanced Tyres
The Mumbai-based tyre maker saw its shares rise by over 4 per cent in the opening hours of the day’s trade.
The company has launched three new advanced technologies for its SportDrive range in India. When we come to these advanced tyres, they include the run-flat tyre and the ultra-high performance tyre.
According to the company, these tyres have undergone rigorous testing at state-of-the-art facilities in Germany.
The company has launched three new advanced technologies for its SportDrive range in India. When we come to these advanced tyres, they include the a run-flat tyre and the ultra-high performance tyre.
| EVO India
The Price
When it comes to the price, these high-end tyres are estimated to be priced between Rs 15,000 to Rs 20,000. The company’s run-flat tyres are available for luxury vehicles, including sedans and SUVs.
This is crucial as the run-flat tyres allow a vehicle to keep on driving even after a tyre has suffered a puncture.
CEAT Shares On Rise
When we look at the performance of the company shares at Dalal Street on Thursday, the company shares opened at Rs 2,759.95 per share, higher than the previous day’s Rs 2,731.50 per piece.
After hitting the high point of Rs 2,894.00 per share, it lost is momentum to shrink down a little. The company shares, however, continued to trade in green.
At the time of writing, the overall gains made in the intraday trade amounted to 3.86 per cent or Rs 105.35 per piece.
This took the overall value of the company shares to Rs 2,836.85 per piece.
The surge today has added to the overall gains made in the recent past. In the past five trading sessions, the company shares have risen by a total of just over 6 per cent.
