Relaxo Footwears Hits 52-Week Low, Given 'Strong Sell' Call by MarketsMOJO

Relaxo Footwears, a leading player in the consumer durables industry, has recently hit a 52-week low on November 18, 2024. The stock has been on a downward trend for the past 6 days, with a consecutive fall of -13.25% in this period. Today, the stock underperformed the sector by -1.29%, with a new low of Rs. 674.1. According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' call. The intraday volatility of Relaxo Footwears has been high at 6.58%, calculated from the weighted average price. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison to the Sensex performance of 17.50%, Relaxo Footwears has shown a negative return of -25.90% in the past year. This could be attributed to the overall slowdown in the consumer durables industry and the impact of the pandemic on the economy. Investors and experts are advised to exercise caution while considering Relaxo Footwears as an investment option. The company's stock has been on a downward trend and has not shown any signs of improvement in the near future. It is important to do thorough research and analysis before making any investment decisions.