Relaxo Footwears Hits 52-Week Low Amid Sustained Downward Trend in Consumer Durables

Relaxo Footwears, a midcap player in the consumer durables sector, has experienced significant activity today, reaching a new 52-week low of Rs. 423.65. This decline marks a notable moment for the company, which has seen its stock underperform the sector by 0.89%. Over the past two days, Relaxo Footwears has faced consecutive losses, totaling a decline of 4.06%.
In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. Over the past year, Relaxo Footwears has reported a substantial decline of 49.61%, contrasting sharply with the Sensex, which has only seen a minor decrease of 0.68% during the same period.

These performance indicators highlight the challenges faced by Relaxo Footwears in the current market environment, reflecting broader trends within the consumer durables industry. As the company navigates these difficulties, its stock performance remains a focal point for market observers.