CEAT Share Price Today on 26-11-2024: At 26 Nov 11:09 today, CEAT shares are trading at price ₹2920.85, 0.34% up from the previous closing price. Sensex is trading at ₹80056.31, down by -0.07%. The stock has hit a high of ₹2975.25 and a low of ₹2912 during the day.
On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 2793.13 |
| 10 | 2800.71 |
| 20 | 2791.35 |
| 50 | 2910.42 |
| 100 | 2815.25 |
| 300 | 2697.21 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2942.13, ₹2969.57, & ₹3010.13, whereas it has key support levels at ₹2874.13, ₹2833.57, & ₹2806.13.
Till 11 AM today, the volume traded on NSE & BSE for CEAT was -10.59% 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 20.82 & P/B is at 2.81.
The median 1-year forecasted upside in this share is at 10.14% with a target price of ₹3217.00.
The company has a 0.00% promoter holding, 15.12% MF holding, & 16.64% FII holding as per filings in the september quarter.
The MF holding has increased from 12.20% in june to 15.12% in the september quarter.
The FII holding has decreased from 18.75% in june to 16.64% in the september quarter.
CEAT share price has gained 0.34% today to trade at ₹2920.85 in resonance with its peers. Its peers such as
