Ceat

Ceat Ltd's board approved a ₹1,205 crore investment plan to expand the company's two-wheeler tyre manufacturing capacity by around 53,000 tyres per day, the company announced on Wednesday. The expansion will be carried out in phases and is expected to be completed by the end of FY2031, with funding coming from internal accruals and debt. The company's existing capacity stands at approximately 80,000 tyres per day, with utilisation running at about 95%, underscoring the need for additional capacity. At the same board meeting, the directors approved the unaudited financial results for the June 2026 quarter, which showed a 22% year-on-year jump in consolidated revenue to ₹4,318 crore, though net profit fell to ₹4 crore due to raw material cost pressures.

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July 16 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT - APPROVED CAPACITY ADDITION OF 53,000 TYRES PER DAY EXPECTED BY END OF FY2031 FOR 12.05 BILLION RUPEES

Source text: ID:nBSE6LD60P

Further company coverage: CEAT.NS

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Updates CFO comment in paragraph 3

By Saikeerthi .

July 9 (Reuters) - Indian tyre maker JK Tyre & Industries JKIN.NS expects to raise product prices by a total of 11% to 13% by the end of September to offset rising input costs, its finance chief said, joining rivals in passing on higher expenses to customers.

The hikes reflect pressure across the auto-parts sector after an oil price rally linked to the Middle East conflict drove up the cost of petroleum-based inputs, energy and freight.

The tyre maker, which said in May it expects to raise prices by 5% to 6%, has since rolled out hikes every month in the first quarter and plans to increase prices by a further 5% to 6% in the coming two to three months, CFO Sanjeev Aggarwal told Reuters on Wednesday.

"Prices (of raw materials) have gone through the roof and for us, it went up by almost over 20%. So, that has impacted business in this quarter," Aggarwal said, citing West Asia tensions, transport disruption and supply-chain constraints.

Raw materials such as natural rubber, synthetic rubber, carbon black and steel make up about two-thirds of expenses for the company, which counts leading car makers Maruti Suzuki India MRTI.NS and Tata Motors TATM.NS among its customers.

The move brings it in line with rivals Apollo Tyres APLO.NS and CEAT CEAT.NS, which have also raised prices. Top Indian car makers have passed on the costs to customers.

Industry data released earlier this month showed vehicle sales rose 21.8% in June, signaling strong demand across passenger and commercial vehicles and giving tyre makers more room to raise prices.

(Reporting by Saikeerthi in Bengaluru; Editing by Chandini Monnappa, Subhranshu Sahu and Jonathan Ananda)

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July 8 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT - APPROVES INVESTMENT UP TO 27.4 MILLION RUPEES IN UNIT

Source text: ID:nNSE5lbk7F

Further company coverage: CEAT.NS

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** Apollo Tyres APLO.NS and JK Tyre JKIN.NS gain about 4% to 413.50 rupees and 393.30 rupees, respectively

** MRF MRF.NS and CEAT CEAT.NS climb about 3.5% to 1,30,115 rupees and 3,450 rupees

** US and Iran agree on a framework to end the conflict and reopen the Strait of Hormuz, sending crude prices lower O/R

** Lower crude prices are positive for tyre makers as key raw materials, including synthetic rubber and carbon black, are linked to crude oil derivatives

** YTD, APLO down 17.3%, JKIN falls 23.8%, MRF drops 14.2%, CEAT declines 8.6%

(Reporting by Surbhi Misra in Bengaluru)

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** Brokerage ICICI Securities downgrades tire company CEAT CEAT.NS to 'hold' from 'buy' and lowers TP to 3,850 rupees from 4,450 rupees

** The new price target represents a 11.7% upside to the stock's last close

** CEAT down 3.8% to 3,315 rupees in morning trading on Monday

** Brokerage says "challenging times ahead" as company navigates inflationary pressures amid moderating demand

** Says pricing power will depend on competitive intensity in the industry, with domestic replacement demand expected to moderate as a result

** CEAT last week posted Q4 profit that more than doubled

** 8 of 18 brokerages rate the stock "buy" or higher; their median PT is 3,850 rupees

** YTD, stock down 12.9% vs a 7.2% decline in the Nifty 50 Index .NSEI

(Reporting by Abhinav Parmar in Bengaluru)

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** Cognizant Technology CTSH.O agrees to buy Astreya, an IT services and technology provider, in a deal ‌valued at around $600 million, the company told Reuters

** Deal highlights continued shift toward AI-led infrastructure services, a segment where Indian IT firms are increasing investments

** Nomura says co's progress in its AI strategy remains strong, with a shift to outcome-based pricing and new commercial models to drive future growth

** Morgan Stanley says commentary from CTSH signals a softer demand environment for Indian IT, with near-term growth likely to remain under pressure

** Notes artificial intelligence may pressure existing revenues, with new growth opportunities taking time to scale

** Flags financial services as a bright spot, while healthcare and communications remain weak, while businesses overall are focusing on cost cuts and workforce restructuring

(Reporting by Devika Nair in Bengaluru)

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** Shares of India's CEAT CEAT.NS rise 8.9% to 3,830.9 rupees; biggest intraday pct rise since December 2024

** Tyre manufacturer reports Q4 profit that more than doubled to 2.44 rupees ($25.75 million)

** Co says results for the quarter are not comparable as they include financials of the Camso brand's off-highway tyre and tracks business the company acquired

** CEO Arnab Banerjee flagged near-term challenges "on supply chain and costs due to steep increase in raw material costs," which the company intends to offset through pricing action and cost management

** Stock rated as "Buy" on average by 18 analysts; median PT at 4,398 rupees per data compiled by LSEG

** YTD, stock down 0.1%

($1 = 94.7600 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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April 28 (Reuters) - Indian tyre maker CEAT CEAT.NS on Tuesday posted fourth-quarter profit that more than doubled, helped by strong demand across segments and the inclusion of results from its $225 million acquisition of a highway tyre and tracks business.

Here are some details:

• The Mumbai-based company's consolidated net profit rose to 2.44 billion rupees ($28.5 million) in the quarter ended March 31, up 145% from 994.9 million rupees a year ago.

• CEAT said the results for the quarter are not comparable as they include financials of the Camso brand's off-highway tyre and tracks business the company acquired from the Michelin Group for $225 million.

• Revenue from operations rose 23.3% to 42.19 billion.

• EBITDA jumped 52% to 5.98 billion rupees, with margins expanding 267 basis points to 14.2% from 11.5% in the year-ago quarter.

• CEAT's board recommended a dividend of 35 per share for FY26, subject to shareholder approval.

• CEO and Managing Director Arnab Banerjee, however, flagged near-term challenges "on supply chain and costs due to steep increase in raw material costs," which the company intends to offset through pricing action and cost management.

($1 = 94.5400 Indian rupees)

(Reporting by Pranav Kashyap and Chandini Monnappa in Bengaluru; Editing by Mrigank Dhaniwala)

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April 20 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT - APPROVES INVESTMENT UP TO 32.5 MILLION RUPEES IN TYRESNMORE

Source text: ID:nNSEc0D3Tj

Further company coverage: CEAT.NS

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** Shares of Indian tyre manufacturing companies extend losses on Wednesday as oil prices climb amid escalating Middle East conflict

** JK Tyre and Industries JKIN.NS, CEAT CEAT.NS, MRF MRF.NS and Apollo Tyres APLO.NS down between 1.9% and 5%

** Brent crude LCOc1 up about 2.2% at $83.2 per barrel, after jumping 4.7% in the previous session

** Key raw materials, such as synthetic rubber (25-30% of raw material cost), carbon black (20%), and other derivatives are all linked to crude oil

** Tyre stocks dropped 1.5% to 4.7% on Monday

** YTD, JKIN down 5%, APLO falls ~12%, while CEAT and MRF lose ~9%

(Reporting by Anuran Sadhu in Bengaluru)

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Jan 19 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT - FURTHER INVESTMENT IN TYRESNMORE ONLINE

• CEAT - APPROVED INVESTMENT UP TO 36.1 MILLION RUPEES IN TYRESNMORE ONLINE

Source text: ID:nBSE51vMxf

Further company coverage: CEAT.NS

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** Shares of tyre maker MRF MRF.NS up 1.8% to a record 155,670 rupees

** Auto dealers saw increased footfalls as buyers thronged dealerships in large numbers on Monday to buy vehicles with lower price tags under the new GST regime, PTI reports, citing Federation of Automobile Dealers Association (FADA) President C S Vigneshwar

** Increased vehicle demand positive for tyre manufacturers; rivals CEAT CEAT.NS, JK Tyre JKIN.NS up 0.6%, 0.8% respectively

** Separately, MRF says Tamil Nadu plant partially active despite some workers' strike

** Avg rating of 10 analysts is "hold"; median PT is 133,282 rupees - data compiled by LSEG

** YTD, MRF up 17% vs CEAT's 7% gain vs JKIN's 3% fall vs Nifty Auto's .NIFTYAUTO 20% advance

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

By Nandan Mandayam

Sept 12 (Reuters) - India's CEAT CEAT.NS expects to see demand for its tyres for tractors and entry-level motorcycles to jump the most among its segments, following a consumption tax cut set to take effect later this month, a senior executive told Reuters on Friday.

Last week, India announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand amid economic headwinds from U.S. tariffs.

The new, simplified tax structure will move most tyres to an 18% rate from 28%, while tractor tyres will attract a 5% rate, down from 18%, effective Sept. 22.

We expect sales of commuter motorcycles to go up in semi-urban and rural households, and farm sales also could go up, Arnab Banerjee, Managing Director and CEO of CEAT, said in an interview.

The company will pass on the lower costs from the tax cuts to customers, it said in a statement.

The smaller farm segment accounts for about a tenth of CEAT’s revenue. Commuter motorcycles, meanwhile, are among the company’s largest segments and also make up the bulk of India’s two-wheeler market. CEAT does not disclose the share of revenue from this segment.

The company expects fiscal 2026 revenue to grow in the double-digit percentage range, led largely by demand from customers replacing their two-wheeler or commercial vehicle tyres, Banerjee said during its most recent earnings call in July.

In the April-June quarter, CEAT reported a 10.5% rise in revenue to 35.3 billion rupees ($399.80 million), helped mostly by sales to two-wheeler, truck and bus customers.

In fiscal 2025, revenue grew 14%.

Tyre makers in India have contended with sluggish demand from automakers as well as from customers replacing older tyres.

CEAT gets about 53% of its revenue from replacement demand, 28% from automakers, and the rest from exports.

($1 = 88.2950 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

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Adds new quotes

Sept 4 (Reuters) - India late on Wednesday announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand, and simplified its complicated goods and services tax structure to two rate slabs from four, with some exceptions for luxury and "sin" goods.

The benchmark BSE Sensex .BSESN and Nifty 50 .NSEI rose as much 1.1% on Thursday. By 11:55 IST, they pared some gains and were up about 0.5% each.

Here is how the industry has reacted:

ANISH SHAH, GROUP CEO & MD, MAHINDRA GROUP

"The next-generation GST reforms... mark a defining moment in India's journey towards building a simpler, fairer and more inclusive tax system.

"At Mahindra, we view these reforms as transformative. They simplify compliance, expand affordability, and energise consumption, while enabling industry to invest with greater confidence."

SAURABH AGARWAL, PARTNER & AUTOMOTIVE TAX LEADER, EY INDIA

"The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant development. By making vehicles more affordable across all segments, this move will not only boost consumer spending but also simplify complex classification disputes that have long burdened the industry."

SAMIR SHAH, EXECUTIVE DIRECTOR & CFO, HDFC ERGO GENERAL INSURANCE COMPANY

"The GST Council decision to exempt individual health insurance from GST is a welcome development. This move aligns perfectly with the broader ambition of the regulator of 'Insurance for All by 2047,' providing a tangible step forward in that direction.

NILESH SHAH, MANAGING DIRECTOR, KOTAK MAHINDRA ASSET MANAGEMENT CO

"The GST announcement lowers inflation, increases growth, boosts consumer sentiment, doesn't disturb the path of fiscal consolidation, improves ease of doing business and partially offers adverse effects of tariffs."

SHAILESH CHANDRA, PRESIDENT, SOCIETY OF INDIAN AUTOMOBILE MANUFACTURES

"This timely move is set to bring renewed cheer to consumers and inject fresh momentum into the Indian automotive sector... these announcements will significantly benefit first-time buyers and middle-income families, enabling broader access to personal mobility."

C S VIGNESHWAR, PRESIDENT, FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS

"This is a decisive step that will boost affordability, spur demand, and make India's mobility ecosystem stronger and more inclusive.

"One area that may need earliest clarification is about levy and treatment of cess balances currently lying in dealers' books, so that there is no ambiguity during transition."

SANJEEV ASTHANA, CEO, PATANJALI FOODS LIMITED

"At Patanjali Foods, we are fully committed to passing on these benefits to our consumers. This initiative will not only enhance FMCG penetration across urban and rural India but also act as a catalyst for broader economic revival... categories such as ghee, soaps, biscuits, noodles, honey, and chyawanprash will benefit from this reduction."

RADHIKA RAO, SENIOR ECONOMIST AT DBS BANK

"Lower GST rates will be positive for growth in the second half of the year and FY27, besides improving operational efficiency and expanding the size of the formal economy."

SHRIPAL SHAH, MD & CEO, KOTAK SECURITIES

"The GST rate cuts ... should directly boost demand, help traders and businesses see higher volumes, and may even favourably impact next quarter's earnings... The key will be how quickly companies pass on the benefits to customers."

DEVARSH VAKIL, HEAD OF PRIME RESEARCH, HDFC SECURITIES

"The GST reforms represent a paradigm shift toward economic rationality... Combined with RBI rate cuts, FY26 income tax rebates and moderating inflation, these reforms create multiple stimuli for consumption and economic growth."

SUDARSHAN VENU, CHAIRMAN, TVS MOTOR COMPANY

"It's a welcome move as it will help two wheelers become more accessible and also help those looking to upgrade."

NEERAJ AKHOURY, PRESIDENT, CEMENT MANUFACTURERS' ASSOCIATION AND MANAGING DIRECTOR, SHREE CEMENT

"Bringing GST down to 18% corrects a long-standing anomaly, aligns cement with other core building materials and enhances global competitiveness."

NITIN RAO, CEO, INCRED WEALTH

" (I am ) positive this will play out, though a small concern remains where recent measures like the rate cuts and budgetary measures taken on reduced taxes have not created the necessary consumption boosters."

RAHUL SINGH, CIO-EQUITIES, TATA ASSET MANAGEMENT

"The GST rate rationalisation, following the income tax cuts and lower interest rates, is a serious effort to boost consumption and hence the overall economic growth outlook.

"While the direct beneficiaries include consumer, autos, cement, healthcare and insurance sectors, the second order beneficiaries in terms of growth will be retail banks & NBFCs."

RAJNEESH KUMAR, CHIEF CORPORATE AFFAIRS OFFICER, FLIPKART GROUP

"By lowering input costs for farmers, simplifying compliance for MSMEs and enabling small sellers, artisans/weavers and smallholder farmers to seamlessly join e-commerce across states, these reforms will further strengthen India's growth engine."

SHEETAL ARORA, CEO, MANKIND PHARMA

"By removing GST on lifesaving rare-disease and oncology therapies and reducing it on essential medicines and diagnostics, the government has signalled that affordability and innovation can go hand in hand."

AMIT PAITHANKAR, CEO OF WAAREE ENERGIES

"The reduction will lower project costs and accelerate the capacity addition needed to meet India’s clean energy targets."

ARNAB BANERJEE, MD & CEO, CEAT

"By addressing a long-standing demand of the industry, the Council has not only provided a boost to the automotive ecosystem but also created room for greater formalisation, compliance, and sustainable growth in the sector."

SHENU AGARWAL, MD & CEO, ASHOK LEYLAND

"The specific relief for the commercial vehicle industry is especially welcome. On one hand, it will spur freight traffic, and on the other, it will bring down the cost of buses and trucks."

AASIF MALBARI, CHIEF FINANCIAL OFFICER, GODREJ CONSUMER PRODUCTS LTD

"This is a positive trigger for demand and a strong driver of volume growth. This move will ultimately contribute to overall economic momentum. We are fully committed to ensuring that the GST rates reduction benefits are passed on to consumers."

VENKATRAM MAMILLAPALLE, MANAGING DIRECTOR, RENAULT INDIA

"We believe the reform will accelerate rural and urban demand alike, boost manufacturing and contribute strongly to India's economic momentum."

UNSOO KIM, MANAGING DIRECTOR, HYUNDAI MOTOR INDIA

"The GST overhaul will directly benefit the automotive sector. The announced reforms align seamlessly with the government's commitment to Viksit Bharat and the Make in India initiative, encouraging domestic manufacturing and boosting demand across both urban and rural markets."

(Reporting by Chandini Monnappa, Bharath Rajeswaran, Manvi Pant, Kashish Tandon, Meenakshi Maidas, Nandan Mandayam, Yagnoseni Das, Vivek Kumar M and Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala and Nivedita Bhattacharjee)

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** Shares of CEAT CEAT.NS rise 2.5% to 3,280 rupees, extending gains for the fourth day

** Tyremaker completes acquisition of France-based Michelin's MICP.PA Camso unit, which includes Sri Lanka based Midigama and Kotugoda plants

** Michelin will exit from the activities related to compact line bias tyres and construction tracks

** CEAT did not mention a deal value but last year said it would buy the brand for $225 million

** Last week, CEAT's local unit signed a pact with the Board of Investment of Sri Lanka to invest $171 million to focus on export-led production of tyres and construction equipment tracks

** 19 analysts covering CEAT have a "buy" rating on avg; median PT is 3,933 rupees - data compiled by LSEG

** Stock up 2.6% YTD

(Reporting by Urvi Dugar)

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Sept 1 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT- COMPLETES ACQUISITION OF CAMSO BRAND’S OFF-HIGHWAY CONSTRUCTION EQUIPMENT TYRE BUSINESS

Source text: ID:nBSE9yDw80

Further company coverage: CEAT.NS

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Aug 22 (Reuters) - CEAT Ltd CEAT.NS:

• BOARD OF INVESTMENT OF SRI LANKA SEALS $171 MILLION INVESTMENT WITH CEAT OHT LANKA

• INVESTMENT TO EXPAND OHT AND TRACKS MANUFACTURING IN SRI LANKA

• FACILITIES AT MIDIGAMA AND KOTUGODA TO FOCUS ON EXPORT-LED PRODUCTION

Source text: ID:nBSE7d4tNX

Further company coverage: CEAT.NS

(([email protected];))

** Shares of CEAT CEAT.NS extend losses for a fifth session, down as much as 7% to 3,524 rupees, the lowest since April 7

** Stock fell 8.5% on Thursday after Q1 results were below estimates

** Nomura downgrades stock to "neutral" from "buy" in a note dated Sunday

** Says export volumes flat Q/Q amid tariff-related headwinds

** Nomura adds rising crude prices to weigh on co's margins going forward

** CEAT rated "buy" by 19 analysts on avg; median PT at 3,890.5 rupees - data compiled by LSEG

** As of Friday's close, stock was up ~11% this year

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of CEAT Limited CEAT.NS drop 2% to 3777.4 rupees, their biggest one-day loss in over a month

** Tyre maker's Q1 net profit falls 27% Y/Y, hurt by a spike in expenses; revenue up 10.5%

** Analysts' avg. rating on stock is "buy;" median PT is 3832.5 rupees - data compiled by LSEG

** Stock up 18% YTD

(Reporting by Aleef Jahan in Bengaluru)

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July 17 (Reuters) - CEAT Ltd CEAT.NS:

• Q1 CONSOL NET PROFIT 1.12 BILLION RUPEES; IBES EST. 1.34 BILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 35.29 BILLION RUPEES; IBES EST. 35.04 BILLION RUPEES

• RE-APPOINTMENT OF ARNAB BANERJEE AS MD & CEO FOR TWO YEARS

• PROPOSED CAPITAL EXPENDITURE AT CHENNAI PLANT TO INCREASE CAPACITY

• PROPOSED CAPACITY ADDITION BY 35% AT CHENNAI PLANT, INVESTMENT REQUIRED 4.50 BLN RUPEES

Source text: [ID:]

Further company coverage: CEAT.NS

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June 20 (Reuters) - CEAT Ltd CEAT.NS:

• TO CONSIDER RAISING FUNDS ON JUNE 25

Source text: ID:nBSEZtNW2

Further company coverage: CEAT.NS

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June 10 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT LTD - DEFERS NCD ISSUANCE MEETING TO JUNE 14, 2025

Source text: ID:nBSE4l30gj

Further company coverage: CEAT.NS

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** Shares of India's JK Tyre & Industries JKIN.NS fall 2.6% to 339 rupees

** Tyremaker posted lower Q4 profit y/y on tepid sales of bus and trucks

** Co, on an avg, rated "buy" vs "buy"-rated peer CEAT CEAT.NS and "sell"-rated MRF MRF.NS

** YTD JKIN down ~10% vs ~19% rise in CEAT and MRF's 7% climb

(Reporting by Hritam Mukherjee in Bengaluru)

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** Analysts at CLSA initiate coverage on Indian tyre maker, Apollo Tyres APLO.NS, with "high conviction outperform" rating; MRF MRF.NS and CEAT CEAT.NS with "outperform"

** Sets TP on APLO, MRF, CEAT at 566 rupees, 128,599 rupees, and 3,493 rupees, respectively

** Shares of APLO, MRF, CEAT up 4.1%, 3%, 3.2%, respectively, amid broader market rally after U.S. President Donald Trump announced 90-day pause on reciprocal tariffs on Wednesday

** Indian tyre market, valued at $12 billion, moving up profitability curve with capacity addition focused on higher-margin passenger car radial tyres vs lower-margin truck and bus tyres - CLSA

** Says sector is at the bottom of margin cycle; gross margins to improve on softening commodity prices

** Sees the sector relatively insulated from impact of U.S. tariff implementation due to limited dependency on exports

(Reporting by Ashish Chandra in Bengaluru)

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March 7 (Reuters) - CEAT Ltd CEAT.NS:

• ODISHA TAX DEPARTMENT ISSUES ORDER WITH 30.6 MILLION RUPEES DEMAND, 3.1 MILLION RUPEES PENALTY

Source text: ID:nBSE1W1mkV

Further company coverage: CEAT.NS

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Feb 4 (Reuters) - CEAT Ltd CEAT.NS:

• GOT DECREE OF INCORPORATION FOR INDONESIA UNIT - PT CEAT TYRES INDONESIA

Source text: [ID:]

Further company coverage: CEAT.NS

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** Tyre maker CEAT CEAT.NS falls ~6% to 2,876.65 rupees ($33.26)

** Co posts bigger-than-expected fall in Q3 profit on higher rubber costs

** Net profit fell 46.5% to 971.1 million rupees ($11.25 million)

** Raw material costs jumped 25% y-o-y

** CEAT rated "buy", on avg, by analysts - LSEG data

** Stock trims 12-month gain to 17.8%

($1 = 86.4800 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 15 (Reuters) - CEAT Ltd CEAT.NS:

• Q3 CONSOL NET PROFIT 971.1 MILLION RUPEES; IBES EST. 1.33 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 33 BILLION RUPEES; IBES EST. 33.1 BILLION RUPEES

• APPROVES INCORPORATION OF SUBSIDIARY IN INDONESIA

• TO INVEST 4 BILLION RUPEES IN NAGPUR PLANT EXPANSION

Source text: [ID:]

Further company coverage: CEAT.NS

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Jan 6 (Reuters) - CEAT Ltd CEAT.NS:

• CEAT - APPROVES 25.7 MILLION RUPEES INVESTMENT IN TYRESNMORE

Source text: ID:nNSEbYT6TM

Further company coverage: CEAT.NS

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