CEAT Share Price Today on 07-11-2024: CEAT share price are up by 3.01%, Nifty down by -1.16%
CEAT Share Price Today on 07-11-2024: On the last trading day, CEAT opened at ₹2824 and closed at ₹2869.9. The stock reached a high of ₹2887.95 and a low of ₹2786.9 during the day. Overall, the stock experienced a positive movement, closing higher than its opening price.
CEAT Share Price Today on 07-11-2024: At 07 Nov 16:01 today, CEAT shares are trading at price ₹2869.9, 3.01% up from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹2887.95 and a low of ₹2786.9 during the day.
On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 2790.59 |
| 10 | 2804.02 |
| 20 | 2887.93 |
| 50 | 2924.03 |
| 100 | 2780.99 |
| 300 | 2686.44 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2913.42, ₹2958.43, & ₹3027.87, whereas it has key support levels at ₹2798.97, ₹2729.53, & ₹2684.52.
CEAT Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for CEAT was 39.48% higher 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 is currently experiencing a strong bullish trend.
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 19.91 & P/B is at 2.68.
The median 1-year forecasted upside in this share is at 10.67% 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 up 3.01% today to trade at ₹2869.9 while its peers are mixed. Its peers such as Bengal & Assam Company, JK Tyre & Industries, TVS Srichakra are falling today, but its peers Apollo Tyres are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.16% & -1.04% each respectively.
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