Relaxo Footwears Hits 52-Week Low, Underperforming Market with 'Strong Sell' Rating

Relaxo Footwears, a leading player in the consumer durables industry, has recently hit a 52-week low on November 12, 2024. The stock has been underperforming in the market and has been given a 'Strong Sell' rating by MarketsMOJO.

On November 12, the stock touched a low of Rs. 728, which is the lowest it has been in the past 52 weeks. Today's performance has also been below the sector average by -1.01%. The stock has been on a downward trend for the past 3 days and has seen a decline of -6.63% during this period.

In terms of moving averages, Relaxo Footwear is currently trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend in the stock's performance.

In comparison to the Sensex, Relaxo Footwears has seen a negative 1-year performance of -19.58%, while the Sensex has shown a positive performance of 22.04%. This further highlights the underperformance of the stock in the market.

Despite being a midcap company, Relaxo Footwears has been facing challenges in the market and has been struggling to keep up with its competitors. Investors are advised to exercise caution while considering this stock for their portfolio.