Relaxo Footwears Faces Ongoing Challenges Amid Significant Stock Decline and Market Underperformance

Jan 16 2025 12:35 PM IST
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Relaxo Footwears recently reached a 52-week low, closing at Rs 575.5, and has seen a significant decline over the past week. The stock has underperformed its sector and is trading below various moving averages. Over the past year, it has dropped substantially, contrasting with the Sensex's gains.
Relaxo Footwears has been under significant pressure, recently closing at Rs 575.5, marking a 52-week low. The stock is currently just 0.21% above this low point and has seen a notable decline of 7.31% over the past week.

In terms of market performance, Relaxo Footwears has underperformed its sector by 0.27% today and is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

Over the past year, the stock has experienced a substantial decline of 35.41%, contrasting sharply with the Sensex's gain of 5.30% during the same period. The current market sentiment reflects ongoing challenges for the company in the competitive consumer durables sector.
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