Relaxo Footwears Hits 52-Week Low Amid High Volatility and Sector Underperformance
Relaxo Footwears has reached a new 52-week low, reflecting significant volatility and underperformance compared to its sector. The stock has struggled over the past year, declining nearly 40%, while the broader market has seen positive gains. It is currently trading below multiple moving averages, indicating a bearish trend.
Relaxo Footwears, a midcap player in the consumer durables sector, has experienced significant activity today, reaching a new 52-week low of Rs. 523.7. This decline marks a notable shift in the stock's performance, as it has underperformed its sector by 0.55%. Throughout the trading session, Relaxo Footwears saw an intraday high of Rs. 574.55, reflecting a 6.84% increase at its peak, but ultimately closed lower.The stock has exhibited high volatility today, with an intraday volatility rate of 8.48%, indicating fluctuating investor sentiment. Additionally, Relaxo Footwears is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in its short to long-term performance.
Over the past year, Relaxo Footwears has faced challenges, with a decline of 39.90%, contrasting sharply with the Sensex's positive performance of 8.12%. This disparity highlights the stock's struggles within the broader market context.
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