CEAT Share Price Today on 06-11-2024: CEAT share price are up by 2.04%, Nifty up by 1.12%
CEAT Share Price Today on 06-11-2024: On the last trading day, CEAT's stock opened at ₹2715.25 and closed at ₹2789.10. The stock reached a high of ₹2799.00 and a low of ₹2710.45 during the day. This indicates a positive movement in the stock, with a substantial increase from the opening to the closing price.
CEAT Share Price Today on 06-11-2024: At 06 Nov 16:01 today, CEAT shares are trading at price ₹2789.1, 2.04% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹2799 and a low of ₹2710.45 during the day.
On the technical front, the stock is trading above the 100,300 days SMA & lower than the 5,10,20,50 day SMA. The stock will have support at 100,300 days SMA & face resistance at 5,10,20,50 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 2802.37 |
| 10 | 2825.08 |
| 20 | 2898.98 |
| 50 | 2925.78 |
| 100 | 2778.17 |
| 300 | 2685.04 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2817.97, ₹2850.48, & ₹2905.97, whereas it has key support levels at ₹2729.97, ₹2674.48, & ₹2641.97.
CEAT Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for CEAT was -13.73% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock's continued downtrend suggests a bearish trend is underway..
From a fundamental analysis perspective, the company has a ROE of 17.18% & ROA of 6.48% respectively.The current P/E of the stock is at 19.56 & P/B is at 2.64.
The median 1-year forecasted upside in this share is at 13.87% with a target price of ₹3176.00.
The company has a 0.00% promoter holding, 4.48% MF holding, & 16.64% FII holding as per filings in the september quarter.
The MF holding has increased from 4.15% in june to 4.48% in the september quarter.
The FII holding has decreased from 18.75% in june to 16.64% in the september quarter.
CEAT share price has gained 2.04% today to trade at ₹2789.1 in resonance with its peers. Its peers such as
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