INTRADAY CASH : Buy CEAT LTD

EQUITY

July 30, 2021
By Ruhul AMIN Mondal
874 Views 697 comments

CEAT Limited (formerly, Cavi Elettrici e Affini Torino)^[4][5][6] is an Indian multinational tyre manufacturing company owned by the RPG Group. It was established in 1924 in Turin, Italy. As of date, CEAT is one of India’s leading tyre manufacturers and has a presence in global markets. CEAT produces over 165 million tyres a year and manufactures tyres for passenger cars, two-wheelers, trucks and buses, light commercial vehicles, earth-movers, forklifts, tractors, trailers, and auto-rickshaws. The current capacity of CEAT tyres’ plants is over 800 tonnes per day. The company was founded as Cavi Elettrici e Affini Torino (Electrical Cables and Allied Products of Turin) by Virginio Bruni Tedeschi in 1924, in Turin, Italy.^[8] On 10 March 1958, the company was incorporated as CEAT Tyres of India, in Mumbai. Initially, the company collaborated with the Tata Group.^[9] In 1972, the company set up a research and development unit at Bhandup. In 1981, Deccan Fibre Glass Limited was merged with the company. In 1982, RPG Group acquired the company, and in 1990, the company was renamed as CEAT.^[9] In 1993, the company collaborated with Yokohama Rubber Company, to manufacture radial tyres at their Nashik unit.^[12] In 1999, CEAT formed a joint-venture, named as CEAT Kelani, with Asia MotorWorks (AMW) and Kelani Tyres, to manufacture and market^[13] CEAT tyres in Sri Lanka. in 2006, CEAT Kelani commissioned their first Sri Lanka-based radial-tyre manufacturing unit in Kalutara.^[12] In 2009, AMW exited the joint-venture

Script Name –CEATLTD

Buy Price –1350-1353

Profit Target-1410

Stop Loss-1318

Call Duration-INTRADAY

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