CEAT Share Price Today on 08-11-2024: CEAT share price are down by -0.28%, Nifty down by -0.21%
CEAT Share Price Today on 08-11-2024: On the last trading day, CEAT's stock opened at ₹2852.1 and closed at ₹2863.1. During the day, the stock reached a high of ₹2914.35 and a low of ₹2852.1. This indicates a slight increase in the stock's value by the end of the trading session.
CEAT Share Price Today on 08-11-2024: At 08 Nov 16:01 today, CEAT shares are trading at price ₹2863.1, -0.28% down from the previous closing price. Sensex is trading at ₹79486.32, down by -0.07%. The stock has hit a high of ₹2914.35 and a low of ₹2852.1 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 | 2782.21 |
| 10 | 2786.48 |
| 20 | 2874.15 |
| 50 | 2921.39 |
| 100 | 2783.05 |
| 300 | 2687.85 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2905.8, ₹2945.6, & ₹2974.5, whereas it has key support levels at ₹2837.1, ₹2808.2, & ₹2768.4.
CEAT Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for CEAT was -8.22% 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 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 20.53 & P/B is at 2.77.
The median 1-year forecasted upside in this share is at 10.93% 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 down -0.28% today to trade at ₹2863.1 while its peers are mixed. Its peers such as Apollo Tyres, JK Tyre & Industries, TVS Srichakra are falling today, but its peers Bengal & Assam Company are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.21% & -0.07% each respectively.
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