CEAT LTD. Plunges by 5%; BSE 500 Index Down 7.0%
March 16, 2020 03:14 PM

CEAT LTD. share price has plunged 5% and is presently trading at Rs 837.

Meanwhile, the BSE 500 Index is at 12,631 (down 7.0%).

Among the top losers in the BSE 500 Index today are CEAT LTD. (down 5.1%) and MRF LTD. (down 7.1%).

YES BANK (up 44.2%) and INDIA CEMENTS (up 9.5%) are among the top gainers today.

Over the last one year, CEAT LTD. has moved down from Rs 1,157 to Rs 837, registering a loss of Rs 320 (down 27.6%)..

The BSE 500 has moved down from 14,974 to 12,631, loss of 2,343 points (down 15.6%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 197.6%), ABBOTT INDIA (up 96.1%) and NAVIN FLUORINE (up 90.7%).

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 7.7%).

In the meantime, NSE Nifty is at 9,602 (down 7.4%). YES BANK (up 44.8%) and BAJAJ AUTO are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 16.65%).

CEAT LTD. Financial Update...

CEAT LTD. net profit stood at Rs 479 million for the quarter ended December 2019, compared to a profit of Rs 459 million a year ago. Net Sales rose 2.8% to Rs 17.6 billion during the period as against Rs 17.1 billion in October-December 2018.

For the year ended March 2019, CEAT LTD. reported 12.9% increase in net profit to Rs 2.8 billion compared to net profit of Rs 2.4 billion during FY18.

Revenue of the company grew 8.2% to Rs 70 billion during FY19.

The current Price to earnings ratio of CEAT LTD., based on rolling 12 month earnings, stands at 14.5x.