Key Events This Week
27 Jan: Stock opens strong at Rs.366.45 (+2.59%)
28 Jan: Continued rally to Rs.379.15 (+3.47%) on heavy volume
29 Jan: Bearish technical momentum emerges; stock dips to Rs.370.50 (-2.28%)
30 Jan: Intraday high of Rs.403.15 with 7.03% surge; Q3 results reveal margin pressures
27 January: Strong Opening Amid Positive Market Sentiment
Relaxo Footwears Ltd began the week on a positive note, closing at Rs.366.45, a 2.59% gain from the previous Friday’s close of Rs.357.20. This rise outpaced the Sensex’s 0.50% gain to 35,786.84, signalling early investor optimism. The volume was modest at 3,661 shares, suggesting measured participation. The broader market’s positive momentum likely supported this initial advance, setting the tone for the week.
28 January: Accelerated Gains on Heavy Volume
The stock extended its rally on 28 January, surging 3.47% to close at Rs.379.15, supported by a significant increase in volume to 14,923 shares. This volume spike indicates heightened investor interest and buying activity. The Sensex also advanced 1.12% to 36,188.16, but Relaxo’s outperformance was notable. The stock’s price movement above key short-term moving averages suggested strengthening technical momentum at this stage.
Our latest monthly pick, this Large Cap from Aluminium & Aluminium Products, is outperforming the market! See the analysis that helped our Investment Committee select this winner.
- - Market-beating performance
- - Committee-backed winner
- - Aluminium & Aluminium Products standout
29 January: Bearish Technical Momentum Emerges Amid Mixed Signals
On 29 January, Relaxo Footwears Ltd faced a setback, closing down 2.28% at Rs.370.50 despite a brief intraday rebound. The day’s trading range was Rs.367.45 to Rs.379.45, reflecting volatility. Technical indicators shifted from mildly bearish to outright bearish, with daily moving averages trending downwards and the weekly MACD signalling negative momentum. The stock’s price remained well below its 52-week high of Rs.598.55, underscoring persistent pressure. Meanwhile, the Sensex continued to rise modestly by 0.22% to 36,266.59, highlighting the stock’s relative weakness.
Volume remained subdued at 3,849 shares, suggesting cautious investor sentiment. The divergence between short-term bearishness and longer-term mildly bullish monthly MACD and KST indicators painted a complex technical picture. The Mojo Score stood at 30.0 with a Sell rating, reflecting a cautious stance despite a slight improvement from previous Strong Sell grades.
30 January: Intraday High and Margin Pressure Reveal Mixed Fundamentals
Relaxo Footwears Ltd rebounded sharply on 30 January, surging 6.11% to close at Rs.393.15 and reaching an intraday high of Rs.403.15, a 7.03% gain from the previous close. This rally outperformed the footwear sector’s 3.04% gain and contrasted with the Sensex’s 0.22% decline to 36,185.03. Elevated intraday volatility of 7.37% accompanied the move, reflecting active trading and investor interest.
Technically, the stock traded above its 5-day, 20-day, and 50-day moving averages, signalling short- to medium-term strength, though it remained below longer-term averages. The MarketsMOJO rating improved to Sell from Strong Sell, with a Mojo Score of 35.0, indicating a modestly better outlook.
However, the company’s Q3 FY26 results released the same day highlighted intensifying margin pressures amid weak consumer demand, tempering enthusiasm. This fundamental challenge underscores the mixed signals investors face, balancing technical gains against operational headwinds.
Holding Relaxo Footwears Ltd from ? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.366.45 | +2.59% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.379.15 | +3.47% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.370.50 | -2.28% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.393.15 | +6.11% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: Relaxo Footwears Ltd outperformed the Sensex by a wide margin, gaining 10.06% versus the benchmark’s 1.62% over the week. The stock’s ability to trade above short- and medium-term moving averages on 30 January and the upgrade in Mojo Grade from Strong Sell to Sell indicate improving technical momentum. Elevated volumes on 28 January and the strong intraday surge on 30 January reflect renewed investor interest.
Cautionary Signals: Despite short-term gains, the stock remains below its 52-week high and faces bearish technical indicators such as daily moving averages and Bollinger Bands. The Q3 FY26 results revealed intensifying margin pressures and weak consumer demand, highlighting fundamental challenges. The mixed technical momentum, with weekly MACD bearish but monthly MACD mildly bullish, suggests uncertainty in the stock’s medium-term direction.
Relative Performance: Relaxo’s recent underperformance over longer timeframes compared to the Sensex, including a 28.28% one-year loss versus Sensex’s 7.22% gain, underscores structural headwinds. The stock’s volatility and mixed signals warrant a cautious approach despite the recent rally.
Conclusion
Relaxo Footwears Ltd’s week was characterised by significant price volatility and a strong 10.06% gain that outpaced the broader market. The stock’s technical momentum showed signs of improvement, with a shift from strongly bearish to mildly bearish indicators and a Mojo Grade upgrade to Sell. However, fundamental concerns remain, particularly margin pressures and subdued consumer demand revealed in the latest quarterly results. Investors should weigh the positive technical developments against these challenges and monitor upcoming price action and volume trends closely. The stock’s mixed signals suggest that while short-term gains are possible, a sustained recovery will require clearer confirmation from both technical and fundamental fronts.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
