Relaxo Footwears Hits 52-Week Low Amid Ongoing Performance Challenges

Jan 15 2025 12:35 PM IST
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Relaxo Footwears has faced considerable volatility, hitting a 52-week low and underperforming its sector. The stock has declined 6.96% over the past six days and is trading below its moving averages. Over the past year, the company has seen a 35.02% drop, contrasting with the Sensex's growth.
Relaxo Footwears has experienced significant volatility today, reaching a 52-week low with its stock price at Rs. 578. This decline is part of a broader trend, as the company has underperformed its sector by 0.91% today and has seen a total drop of 6.96% over the past six days. Currently, the stock 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, Relaxo Footwears has faced a notable performance decline of 35.02%, in stark contrast to the Sensex, which has increased by 4.70% during the same period. These metrics highlight the ongoing challenges the company is facing in the competitive consumer durables market.
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