Rising rubber prices give CEAT a better grip

CEAT (CEATd.BO, news) Ltd was up 5.18 per cent to Rs 99.55 as compared with its previous close at Rs 94.65 with more than 21 lakh shares traded on the Bombay Stock Exchange (BSE) today. The decline in prices of natural rubber which is a key element in the manufacture of tyres had also helped the tyre scrips to grow during early August 2005 to the middle of that month after which these stocks turned range bound. Analysts feel that with the robust demand growth the outlook for the tyre industry remains strong.

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