CEAT was locked at 5% lower circuit at Rs 313.85 at 09:48 IST on BSE on profit booking, with the stock reversing direction after scaling a record high in intraday trade.
Meanwhile, the BSE Sensex was up 376.06 points, or 1.82%, to 21,084.77
On BSE, 1.79 lakh shares were traded in the counter with pending sell orders of 71,369 shares at lower circuit. The stock has an average volume of 2.41 lakh shares in the past one quarter.
The stock hit a record high of Rs 338.70 in intraday trade today, 5 December 2013. The stock hit a low of Rs 313.85 so far during the day. The stock hit a 52-week low of Rs 87.15 on 22 March 2013.
The stock had outperformed the market over the past one month till 4 December 2013, surging 77.27% compared with the Sensex's 2.5% fall. The scrip had also outperformed the market in the past one quarter, advancing 225.79% as against Sensex's 11.53% surge.
The small-cap company has an equity capital of Rs 35.96 crore. Face value per share is Rs 10.
Shares of CEAT have been on a roll recently, gaining 15.58% in three trading sessions to Rs 330.35 on 4 December 2013, from a recent low of Rs 285.80 on 29 November 2013.
On a consolidated basis, CEAT's net profit surged 1909.2% to Rs 76.55 crore on 8.7% increase in net sales to Rs 1318.81 crore in Q2 September 2013 over Q2 September 2012.
CEAT is one of the leading tyre makers and has strong presence in the global market, and produces over 700 tonnes of tyre per day.
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