Goodyear India Hits 52-Week Low Amid Broader Market Challenges and Declining Performance

Jan 27 2025 11:05 AM IST
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Goodyear India has reached a new 52-week low, reflecting a significant decline after recent gains. The stock has underperformed its sector and is trading below key moving averages, indicating a bearish trend. Over the past year, it has declined notably, contrasting with broader market gains.
Goodyear India, a small-cap player in the Tyres & Allied industry, has experienced significant activity today, reaching a new 52-week low of Rs. 916. This decline marks a notable shift after two consecutive days of gains. The stock underperformed its sector by 1.59%, reflecting broader market challenges.

Intraday trading saw Goodyear India touch a low of Rs. 916, representing a decrease of 3.96%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

Over the past year, Goodyear India has faced a decline of 31.13%, contrasting sharply with the Sensex, which has gained 6.66% during the same period. Despite these challenges, the company maintains a high dividend yield of 4.3% at the current price, which may appeal to income-focused investors. As the market continues to evolve, Goodyear India's performance metrics will be closely monitored for any signs of recovery or further decline.
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