Recent Price Movement and Market Context
On 15 Dec, Goodyear India’s shares fell after two consecutive days of gains, touching an intraday low of ₹835.5, which is approximately 4.5% above its 52-week low of ₹806. The stock underperformed its sector by 1.82% on the day and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness signals a lack of upward momentum and investor confidence in the near term.
Liquidity remains adequate, with delivery volumes spiking notably on 25 Oct, indicating some investor interest, but this has not translated into sustained price strength. The stock’s performance over various time frames starkly contrasts with benchmark indices. Over the past week, it declined by...
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