Goodyear India Hits 52-Week Low, Underperforming Market with 'Sell' Call by MarketsMOJO

Goodyear India, a leading tyre manufacturer in the country, has recently hit a 52-week low on November 14, 2024. The stock has been underperforming in the market, with a 'Sell' call by MarketsMOJO. The current price of the stock is Rs. 1003.1, which is the lowest it has been in the past year.

In terms of performance, Goodyear India has been consistently falling for the last 5 days and has seen a decline of -2.89% in this period. It has also underperformed the sector by -2.72% today. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

Despite the recent dip in stock price, Goodyear India has a high dividend yield of 4.05% at the current price. However, it is important to note that the stock has seen a negative 1-year performance of -22.36%, while the Sensex has shown a positive performance of 19.41% in the same period.

As a smallcap company in the tyres and allied industry, Goodyear India's stock performance may be affected by various factors such as market conditions, competition, and company-specific developments. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.