Goodyear India's stock hits 52-week low, underperforms market trend

Goodyear India, a leading tyre manufacturer in the country, has recently hit a 52-week low on October 30, 2024. The stock has been on a downward trend for the past 5 days, with a consecutive fall of -4.21% in returns. This underperformance has led to a 'Sell' call by MarketsMOJO.

The stock's price summary shows that it has hit a new low of Rs.1009.9 today and is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend in the stock's performance.

Despite the recent dip in stock price, Goodyear India has a high dividend yield of 4.02% at the current price. However, the company's 1-year performance has been -20.76%, significantly lower than the Sensex's performance of 25.17%. This suggests that the company has not been able to keep up with the overall market trend.

As a smallcap company in the tyres and allied industry, Goodyear India may face challenges in the current market conditions. Investors should carefully consider the company's financial performance and market trends before making any investment decisions. This information is based on facts and does not include any external data or sources.