Relaxo Footwears Hits 52-Week Low, Underperforms Sector and Sensex

Relaxo Footwears, a midcap company in the consumer durables industry, has recently hit a 52-week low on November 26, 2024. The stock has been on a downward trend for the past 11 days and has underperformed the sector by -1.24%. Today, the stock has reached a new low of Rs. 625, with a narrow trading range of Rs. 3.35.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock has been given a 'Strong Sell' call. This is due to the stock's poor performance, with a -19.46% return in the past 11 days and trading below all its moving averages - 5 day, 20 day, 50 day, 100 day, and 200 day.

The stock has also shown high volatility today, with an intraday volatility of 12.56%. This can be a cause for concern for investors, as it indicates a lack of stability in the stock's price.

In comparison to the Sensex, Relaxo Footwears has had a negative 1-year performance of -29.12%, while the Sensex has shown a positive performance of 21.84%. This further highlights the underperformance of the stock in the market.

It is important for investors to carefully consider the current state of Relaxo Footwears before making any investment decisions. With the stock hitting a new low and showing poor performance, it may be wise to wait for a more stable and positive trend before considering investing in the company.