CEAT, one of the leading tyre companies in India, announced that the workmen of the company's Nasik plant went for a flash strike from second shift on Jun. 26, 2014 which has been called off by the second shift on Jun. 27, 2014, with the intervention of deputy labour commissioner.

The stock had underperformed the market over the past one month till Jun. 27, 2014, falling 2.36% compared with the Sensex's 2.24% rise. It outperformed the market in past one quarter, gaining 19.18% as against 12.99% rise in the Sensex.

Shares of the company gained Rs 27.55, or 4.19%, to trade at Rs 685.35 at the BSE (10.26 a.m., Monday).