Goodyear India Hits 52-Week Low, Offer High Dividend Yield But Underperforms Sector

Goodyear India, a leading player in the tyre and allied industry, has recently hit a 52-week low on October 23, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's performance.

The stock price of Goodyear India closed at Rs. 1030, which is the lowest it has been in the past 52 weeks. Despite this, the stock has outperformed the sector by 0.95% today, showing a slight improvement in its performance.

After two consecutive days of falling, the stock has shown a trend reversal and has gained today. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

At the current price, Goodyear India offers a high dividend yield of 3.88%, which may be attractive to some investors. However, it is important to note that the stock has underperformed the Sensex by -18.51% in the past year, while the Sensex has shown a growth of 24.29%.

It is important for investors to carefully consider the performance and trends of Goodyear India before making any investment decisions. The company's current stock price and dividend yield may be appealing, but it is crucial to analyze its overall performance and compare it to the market before making any recommendations.