CEAT Share Price Today on 13-11-2024: CEAT share price are down by -2.3%, Nifty down by -1.36%

CEAT Share Price Today on 13-11-2024: At 13 Nov 16:01 today, CEAT shares are trading at price ₹2706.85, -2.3% down from the previous closing price. Sensex is trading at ₹77690.95, down by -1.25%. The stock has hit a high of ₹2748 and a low of ₹2693.3 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 :

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.

CEAT Share Price Today

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 19.80 & P/B is at 2.67.

The median 1-year forecasted upside in this share is at 17.33% 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 -2.3% today to trade at ₹2706.85 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 -1.36% & -1.25% each respectively.