Multibagger Stock: A bumper jump of 9 percent in the shares of this tire maker, made this big record – multibagger stock ceat shares have jumped more than 9 percent today
Mumbai: There is a constant state of ups and downs in the stock market. During this, many stocks are seeing a boom. One such share is of APG Group’s company CEAT. This multibagger stock has gained more than 9 per cent. It is currently trading at a new 52-week high. Please tell that CEAT was established in the year 1958. It is India’s leading tire manufacturer company. RPG Group’s business is spread across sectors such as automotive tyres, infrastructure, information technology, pharmaceuticals etc. CEAT produces tyres, tubes and flaps for various vehicles including trucks, buses, cars and motorcycles. The company was acquired by the RPG Group in 1982. CEAT has recently announced its FY23 results. In this, the company’s sales have increased by 20.8 percent to Rs 11,314.9 crore. At the same time, EBITDA has increased by 33% to Rs 982 crore. The company’s net profit has increased by 158% to Rs 182.4 crore as compared to FY22. In addition, the company has declared a dividend of Rs 12 per equity share of face value of Rs 10 for the year ending March 31, 2023.
The company has given a bumper return of 124% in the last year. Whereas in the last 3 years it has given a return of 195%. Moreover, the ROCE of the company is 9.42% and ROE is 6.14%. Today i.e. on Monday, a big jump is being seen in the shares of the company. Today the stock is trading at a new 52-week high of Rs 2,640. Investors can include this stock in their portfolio to earn profits.
The company has given a bumper return of 124% in the last year. Whereas in the last 3 years it has given a return of 195%. Moreover, the ROCE of the company is 9.42% and ROE is 6.14%. Today i.e. on Monday, a big jump is being seen in the shares of the company. Today the stock is trading at a new 52-week high of Rs 2,640. Investors can include this stock in their portfolio to earn profits.
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