Goodyear is the fundamentally strong company with strong and consistent dividend paying history so far. Taken support at 990 and showing the sign of reversal.
Fresh entry can be made at 1050 with stop loss of 990. Upside rally can be seen till 1100 and 1200.
Can add this stock at every dip with prospective of long terms investment
The reason for picking this stock are:
1. Expected very good quarterly results
2. Debt free
3. Strong dividend payment history (76%)
4. Cashflow growth from negative 76 Crores to 158 Crores which double growth in terms of cashflow
5. 75% and more holdings from the promotors
Fresh entry can be made at 1050 with stop loss of 990. Upside rally can be seen till 1100 and 1200.
Can add this stock at every dip with prospective of long terms investment
The reason for picking this stock are:
1. Expected very good quarterly results
2. Debt free
3. Strong dividend payment history (76%)
4. Cashflow growth from negative 76 Crores to 158 Crores which double growth in terms of cashflow
5. 75% and more holdings from the promotors