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Eastern Treads’ stock rises high on order of tyre re-treading material.

Posted: January 18, 2017 at 11:08 am   /   by   /   comments (0)

Eastern Treads has won the tender for supplying the tyre retreading materials to Karnataka State Road Transport Corporation & Rajasthan State Road Transport Corporation. The company obtained order to supply 200 MT and 90 MT of tyre retreading materials respectively from Rajasthan State Road Transport Corporation (RSRTC) and Karnataka State Road Transport Corporation (KSRTC) to meet their 6 months tyre retreading requirements.

Last one week high and low of the scrip stood at Rs. 153.85 and Rs. 140.25 respectively. The current market cap of the company is Rs. 75.89 crore. The promoters holding in the company stood at 65.51%, while Non-Institutions held 34.49% stake in the company.

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