Goodyear India's Stock 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 October 25, 2024. The stock has been underperforming in the market, with a 'Sell' call by MarketsMOJO. The current price of the stock is Rs. 1020.05, which is the lowest it has been in the past year.

In today's trading session, Goodyear India's stock has seen a decline of -1.1%, which is lower than the sector's performance. This is the second consecutive day of losses for the stock, with a fall of -2.27% in the past two days. The stock also touched an intraday low of Rs. 1020.05, a decrease of -3.36%.

Goodyear India's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its performance. However, the stock does offer a high dividend yield of 3.88% at its current price.

In comparison to the Sensex's performance of 23.96%, Goodyear India's stock has seen a decline of -19.22% in the past year. This could be attributed to various factors such as market conditions, competition, and company-specific factors.

Despite the recent decline in its stock price, Goodyear India remains a leading player in the tyre and allied industry in India. Investors should carefully consider their options before making any investment decisions.