CEAT Share Price Today on
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 | 2847.79 |
10 | 2898.65 |
20 | 2984.52 |
50 | 2912.02 |
100 | 2757.32 |
300 | 2674.68 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2839.65, ₹2878.3, & ₹2951.65, whereas it has key support levels at ₹2727.65, ₹2654.3, & ₹2615.65.
Till 4 PM today, the volume traded on NSE & BSE for CEAT was 19.09% 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%
The median 1-year forecasted upside in this share is at 13.02% 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 2.23% today to trade at ₹2810 while its peers are mixed. Its peers such as Bengal & Assam Company are falling today, but its peers Apollo Tyres, JK Tyre & Industries, TVS Srichakra are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.65% & 0.76% each respectively.
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