Relaxo Footwears Hits 52-Week Low, Underperforming Sector with 13.1% Decline in Returns

Relaxo Footwears, a midcap company in the consumer durables industry, has recently hit a 52-week low on November 14, 2024. The stock has been underperforming the sector, with a -1.66% difference in performance today. This marks the fifth consecutive day of losses for the company, with a significant -13.1% decline in returns during this period.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock has been given a 'Strong Sell' call. This is based on the fact that Relaxo Footwears is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's price.

In comparison to the Sensex, which has shown a positive performance of 19.46% in the past year, Relaxo Footwears has seen a decline of -24.63%. This further highlights the company's struggles in the market.

It is important to note that this 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 for readers interested in the current state of Relaxo Footwears' stock. As always, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.