Shares of CEAT sharply plunged more than 9% on Friday after the tyre-maker reported a whopping 96% year-on-year (YoY) decline in its consolidated net profit to Rs 4 crore for the April-June quarter of FY27.
The shares of the company plunged to Rs 3,471.10 apiece on NSE on Friday. If the stock manages to hold on to the sharp losses, then today’s plunge would mark the biggest single-day fall since the infamous COVID-19 crash of 2020.
