Relaxo Footwears Faces Significant Volatility Amid Broader Consumer Durables Sector Challenges

Relaxo Footwears, a midcap player in the consumer durables sector, has experienced significant volatility today, with the stock declining by 6.13%. The stock reached a new 52-week low of Rs. 375.35, marking a notable drop of 10.63% at its intraday low. Over the past two days, Relaxo Footwears has seen a cumulative decline of 7.8%, underperforming the sector by 1.39%.
In terms of moving averages, Relaxo Footwears is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The broader consumer durables sector has also faced challenges, falling by 4.52%.

In the context of the overall market, the Sensex has shown resilience after a gap down opening, recovering from a drop of 3,914.75 points to trade at 72,571.15, down 3.71%. Despite this recovery, the Sensex remains close to its 52-week low, trading below its 50-day moving average.

Overall, Relaxo Footwears has struggled significantly over various time frames, with a year-to-date decline of 36.26% and a staggering 65.64% drop over the past three years.