CEAT Share Price Today on 11-11-2024: CEAT share price are down by -1.4%, Nifty down by -0.03%

CEAT Share Price Today on 11-11-2024: At 11 Nov 16:00 today, CEAT shares are trading at price ₹2823.45, -1.4% down from the previous closing price. Sensex is trading at ₹79496.15, up by 0.01%. The stock has hit a high of ₹2867.65 and a low of ₹2808.25 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 :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2873.7, ₹2904.1, & ₹2938.3, whereas it has key support levels at ₹2809.1, ₹2774.9, & ₹2744.5.

CEAT Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for CEAT was -9.80% 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 20.48 & P/B is at 2.76.

The median 1-year forecasted upside in this share is at 12.49% 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 -1.4% today to trade at ₹2823.45 while its peers are mixed. Its peers such as Apollo Tyres, JK Tyre & Industries are falling today, but its peers MRF, Bengal & Assam Company are on the rise. Overall, benchmark indices Nifty & Sensex are up -0.03% & 0.01% each respectively.