Goodyear India Hits 52-Week Low, Outperforms Sector Today, But Underperforms Market Overall

Goodyear India, a leading player in the tyre and allied industry, has recently hit a 52-week low on November 18, 2024. The stock has been given a 'Sell' call by MarketsMOJO, a leading financial advisory firm. The current price of the stock stands at Rs. 1000, which is its new 52-week low.

Despite the recent dip in stock price, Goodyear India has outperformed the sector by 0.95% today. This could be seen as a positive sign for the company. Additionally, the stock has shown a trend reversal after 5 consecutive days of fall, which could indicate a potential turnaround.

However, it is worth noting that Goodyear India is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This could be a cause for concern for investors.

On a positive note, the stock currently offers a high dividend yield of 4.08% at the current price. This could be attractive for investors looking for regular income from their investments.

In terms of performance, Goodyear India has seen a decline of -23.01% in the past year, while the Sensex has shown a growth of 17.51%. This indicates that the company has not been able to keep up with the overall market performance.

Overall, Goodyear India's recent dip in stock price and its underperformance compared to the market may raise some concerns for investors. It is important for investors to carefully evaluate the company's financials and future prospects before making any investment decisions.