Relaxo Footwears Hits 52-Week Low, Underperforms Sector by -2%

Relaxo Footwears, a midcap company in the consumer durables industry, has recently hit a 52-week low on November 25, 2024. The stock has been on a downward trend for the past 10 days and has underperformed the sector by -2%. Today, the stock has reached a new low of Rs. 626.05.

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 below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the past year, Relaxo Footwears has seen a negative return of -29.16%, while the Sensex has shown a positive return of 21.43%. This further highlights the underperformance of the company's stock.

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 who are interested in the current performance of Relaxo Footwears. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.