Goodyear India Hits 52-Week Low, Faces Challenges in Current Market Conditions

Goodyear India, a leading tyre manufacturer in the country, has recently hit a 52-week low on October 29, 2024. The stock has been on a downward trend for the past four days, with a consecutive fall of -3.47% during this period. This underperformance has led to a 'Sell' call by MarketsMOJO.

The current price of Goodyear India is Rs. 1015, which is the lowest it has been in the past 52 weeks. The stock has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite the recent dip in stock price, Goodyear India has a high dividend yield of 3.98%. This could be an attractive factor for investors looking for steady returns.

In comparison to the Sensex, Goodyear India's performance in the past year has been -20.96%, while the Sensex has seen a growth of 25.99%. This shows that the company has not been able to keep up with the overall market trend.

As a smallcap company in the tyre and allied industry, Goodyear India may face challenges in the current market conditions. However, with its established brand and high dividend yield, it could still be a potential investment opportunity for those looking for long-term gains.