CEAT fell 2.24% to Rs 254.95 at 15:19 IST on BSE on profit booking after the stock surged 27.66% in the preceding four trading sessions to Rs 260.80 on 21 November 2013, from a recent low of Rs 204.30 on 14 November 2013.
Meanwhile, the BSE Sensex was down 3.69 points, or 0.02%, to 20,225.36.
On BSE, 4.25 lakh shares were traded in the counter compared with average volume of 1.84 lakh shares in the past one quarter.
The stock hit a high of Rs 269.55 and a low of Rs 251.80 so far during the day. The stock hit a 52-week high of Rs 271 on 21 November 2013. 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 21 November 2013, rising 79.24% compared with the Sensex's 3.18% fall. The scrip had also outperformed the market in past one quarter, soaring 124.05% as against Sensex's 12.97% rise.
The small-cap company has an equity capital of Rs 35.96 crore. Face value per share is Rs 10.
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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