CEAT Share Price Rallied Above 5% Intraday On Monday

CEAT share price surged above 5% intraday on Monday. The stock opened at Rs. 1073.00 as compared to its previous closing at Rs.1065.00, to touch the day’s high and low at Rs. 1123.90 and Rs. 1065.25.

Share Holding Pattern:

• Promoter and Promoter Group (%) – stands at 50.76 per cent and has remained the same for the entire year.
• Institutions (%) – 31.38 per cent for June 2016 as compared to 29.43 per cent for June 2015 (Y-o-Y).
• Non-Institutions (%) – 17.86 per cent for June 2016 as compared to 19.81 per cent for March 2016 (Q-o-Q).

The 52 week high and low of CEAT share price is seen at Rs. 1,319.90 on 7^th Oct ’15 while the 52 week low at Rs. 730.00 on 24^thJune ’16. The market cap of the company amounts to Rs. 4307.93 (Cr) and has a book value of Rs.508.16. Till now, around 15,28,282 shares were exchanged in the counter with a traded volume of 16,859.70 lacs.

Key ratios

Sl no.	Name	Ratio
1	Current Ratio (x)	1.19
2	Quick Ratio (x)	0.72
3	Dividend yield (%)	1.07
4	Interest Coverage ratio (x)	9.39
5	Debt equity ratio (x)	0.31
6	Return on Asset (%)	11.73
7	Return on Equity (%)	21.72

CEAT is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE.  CEAT is fundamentally strong and is safe for investment, as per Dynamic analysts.  The closest support and resistance level of the CEAT share price for the day stands at Rs.464.55 and Rs. 494.90 respectively.

In order to acquire more details on the support and resistance levels and also the fundamentals and financials of the stock, kindly refer to CEAT share price forecast.