CEAT Share Price Today on 12-11-2024: At 12 Nov 16:01 today, CEAT shares are trading at price ₹2760, -2.71% down from the previous closing price. Sensex is trading at ₹78675.18, down by -1.03%. The stock has hit a high of ₹2849.3 and a low of ₹2760 during the day.
On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 2798.32 |
10 | 2800.35 |
20 | 2849.50 |
50 | 2920.60 |
100 | 2792.35 |
300 | 2692.01 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2821.58, ₹2875.57, & ₹2903.68, whereas it has key support levels at ₹2739.48, ₹2711.37, & ₹2657.38.
Till 4 PM today, the volume traded on NSE & BSE for CEAT was 21.14% 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'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 20.35 & P/B is at 2.74.
The median 1-year forecasted upside in this share is at 15.07% 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 -2.71% today to trade at ₹2760 while its peers are mixed. Its peers such as MRF, Apollo Tyres, Bengal & Assam Company, JK Tyre & Industries are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.07% & -1.03% each respectively.
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