CEAT Share Price Today on 27-11-2024: At 27 Nov 11:13 today, CEAT shares are trading at price ₹2957.2, 0.95% up from the previous closing price. Sensex is trading at ₹80033.17, up by 0.04%. The stock has hit a high of ₹2970 and a low of ₹2922.9 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 | 2697.07 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2976.67, ₹3015.23, & ₹3050.57, whereas it has key support levels at ₹2902.77, ₹2867.43, & ₹2828.87.
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 20.96 & P/B is at 2.82.
The median 1-year forecasted upside in this share is at 8.79% 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 up 0.95% today to trade at ₹2957.2 while its peers are mixed. Its peers such as MRF, Apollo Tyres are falling today, but its peers Bengal & Assam Company, JK Tyre & Industries are on the rise. Overall, benchmark indices Nifty & Sensex are up -0.01% & 0.04% each respectively.
