Relaxo Footwears Hits 52-Week Low Amidst Sector Decline and Bearish Trend

Relaxo Footwears, a leading player in the consumer durables industry, has recently hit a 52-week low on October 23, 2024. The stock has been on a downward trend for the past 6 days, with a consecutive fall of -5.47% in returns during this period. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock's performance today has been in line with the sector, with a new 52-week low of Rs. 758. This is a significant drop from its previous high of Rs. 880. The stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex performance of 24.54%, Relaxo Footwears has seen a negative 14.00% return in the past year. This could be attributed to various factors such as market conditions, competition, and company-specific issues.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers to understand the current state of Relaxo Footwears' stock performance. As with any investment, it is always recommended to do thorough research and consult with a financial advisor before making any decisions.