CEAT Faces Increased Volatility Amid Broader Market Downturn and Declining Stock Performance

Jan 16 2025 09:30 AM IST
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CEAT, a midcap tyre manufacturer, experienced a challenging trading day on January 16, 2025, with a significant stock price decline. The stock showed high volatility and is currently positioned above the 200-day moving average but below several shorter-term averages, reflecting a difficult market environment.
CEAT, a midcap player in the tyres and allied industry, faced a challenging trading day on January 16, 2025, with a notable decline of 6.24% in its stock price. This drop underperformed its sector by 5.9%, contributing to a broader downward trend, as CEAT has lost 7.81% over the past five days. The stock opened the session with a gap down of 2.96% and reached an intraday low of Rs 2874.1, reflecting a decrease of 5.46%.

The stock exhibited significant volatility, with an intraday volatility rate of 31.37%. In terms of moving averages, CEAT's stock is currently positioned above the 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past month, CEAT has seen a decline of 9.66%, while the Sensex has decreased by 5.63%. These metrics indicate a challenging environment for CEAT as it navigates current market conditions.
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