Goodyear India Hits 52-Week Low Amid Ongoing Stock Decline and Market Volatility

Feb 12 2025 10:35 AM IST
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Goodyear India has reached a new 52-week low, continuing a downward trend with a notable decline over the past year. The stock is trading below key moving averages, reflecting a bearish outlook. Despite this, it offers a high dividend yield, highlighting the challenges in the tyre industry.
Goodyear India, a small-cap player in the Tyres & Allied industry, has experienced significant activity today, reaching a new 52-week low of Rs. 910. This decline marks a continuation of a downward trend, with the stock losing 3.83% over the past two days. Today's intraday low was recorded at Rs. 910, reflecting a decrease of 2.3% during trading.

In terms of performance metrics, Goodyear India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term. Over the past year, the stock has seen a notable decline of 29.96%, contrasting sharply with the Sensex, which has gained 6.46% in the same period.

Despite the challenges in its stock performance, Goodyear India offers a high dividend yield of 4.4% at the current price, which may appeal to certain segments of the market. The company's recent performance underscores the volatility and competitive pressures within the tyre industry.
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