Goodyear India Hits 52-Week Low Amidst Broader Market Challenges and Sector Resilience

Feb 28 2025 11:05 AM IST
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Goodyear India has reached a new 52-week low, reflecting a significant decline over the past year compared to the broader market. Despite recent gains after consecutive declines, the stock remains below key moving averages, highlighting ongoing challenges in the competitive Tyres & Allied industry.
Goodyear India has experienced significant activity today, reaching a new 52-week low of Rs. 849.8. This decline marks a notable point in the stock's performance, particularly as it has underperformed the broader market over the past year, with a decrease of 33.23% compared to the Sensex's modest gain of 1.86%.

Despite hitting this low, the stock has shown signs of a potential trend reversal, gaining after four consecutive days of decline. Additionally, Goodyear India has outperformed its sector by 1.4% today, indicating some resilience amidst broader market challenges.

However, it is important to note that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a continued struggle in maintaining upward momentum. As a small-cap player in the Tyres & Allied industry, Goodyear India's recent performance reflects the challenges faced by the company in a competitive market landscape.
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