Relaxo Footwears Faces Significant Market Challenges Amidst Ongoing Volatility

Jan 28 2025 09:35 AM IST
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Relaxo Footwears has reached a new 52-week low, reflecting significant volatility and a cumulative drop of 7.1% over the past eight days. The stock has underperformed its sector and is consistently below key moving averages, with an annual decline of 37.26%, contrasting with the Sensex's gains.
Relaxo Footwears, a midcap player in the consumer durables sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 536.5. This decline marks a notable underperformance, as the stock has lagged behind its sector by 2%. Over the past eight days, Relaxo Footwears has seen a cumulative drop of 7.1%, reflecting ongoing challenges in its market position.

Today's trading session highlighted the stock's intraday volatility, which peaked at 15.65%. The stock's performance has been consistently below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend.

In terms of annual performance, Relaxo Footwears has faced a decline of 37.26%, contrasting sharply with the Sensex, which has gained 7.05% over the same period. These metrics underscore the current challenges facing Relaxo Footwears in a competitive market landscape.
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