Relaxo Footwears Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Relaxo Footwears, a leading player in the consumer durables industry, has recently hit a 52-week low on October 24, 2024. The stock has been on a downward trend for the past 7 days, with a consecutive fall of -6.04% in returns during this period. Today, the stock touched an intraday low of Rs.757.7, which is its lowest price in the past year.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' call. This is in line with the overall performance of the sector, as Relaxo Footwears is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, which has shown a positive performance of 24% in the past year, Relaxo Footwears has seen a decline of -14.75%. This could be attributed to various factors such as market conditions, company performance, and industry trends.

It is important to note that this news article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone, without any mention of future potential, investor interest, or expert recommendations. As a midcap company, Relaxo Footwears continues to be a key player in the consumer durables industry and its performance will be closely watched by investors and analysts.