Ceat Logs Steepest Intraday Decline In Three Months On Q3 Miss

Shares of Ceat Ltd. fell 7.60%, the steepest intraday decline in nearly three months to Rs 1,048.95 apiece after the company reported a net loss for the third quarter.

  • The company’s revenue and Ebitda also missed analyst estimates.
  • Of the 27 analysts tracking the company, 14 maintained ‘buy’, five maintained ‘hold’ and eight maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 28.2%.
  • Trading volume on the stock was nearly 15 times to 30-day average volume, at this time of the day.

Source: Exchange Filing, Bloomberg

ITC Has 1.81 Million Shares Change Hands In A Large Trade

  • ITC Ltd. has 1.81 million shares change hands in a large trade.
  • Details of buyers, sellers are not known immediately.

Source: Bloomberg

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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