CEAT Share Price Today on 30-10-2024: CEAT share price are up by 1.97%, Nifty down by -0.51%
CEAT Share Price Today on 30-10-2024: On the last trading day, CEAT's stock opened at ₹2798.95 and closed at ₹2830. The stock reached a high of ₹2837.85 and a low of ₹2730.35 during the day.
CEAT Share Price Today on 30-10-2024: At 30 Oct 16:01 today, CEAT shares are trading at price ₹2830, 1.97% up from the previous closing price. Sensex is trading at ₹79942.18, down by -0.53%. The stock has hit a high of ₹2837.85 and a low of ₹2730.35 during the day.
On the technical front, the stock is trading above the 5,100,300 days SMA & lower than the 10,20,50 day SMA. The stock will have support at 5,100,300 days SMA & face resistance at 10,20,50 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 2817.45 |
| 10 | 2878.37 |
| 20 | 2962.00 |
| 50 | 2915.62 |
| 100 | 2761.74 |
| 300 | 2677.76 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2869.72, ₹2908.63, & ₹2978.32, whereas it has key support levels at ₹2761.12, ₹2691.43, & ₹2652.52.
CEAT Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for CEAT was -38.49% 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, Following a strong uptrend, the stock is indicating signs of a reversal..
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 19.83 & P/B is at 2.67.
The median 1-year forecasted upside in this share is at 12.23% 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 1.97% today to trade at ₹2830 while its peers are mixed. Its peers such as MRF, Bengal & Assam Company are falling today, but its peers Apollo Tyres, JK Tyre & Industries are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.51% & -0.53% each respectively.
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