Relaxo Footwears Experiences Notable Adjustment in Stock Evaluation Relaxo Footwears, a prominent player in the consumer durables sector, has recently undergone a significant adjustment in its evaluation. The stock has reached a new 52-week low, hitting Rs. 616.05 on December 31, 2024. This decline marks a considerable downturn, with the company's performance over the past year reflecting a decrease of 31.37%, contrasting sharply with the Sensex's gain of 7.75% during the same period. Despite these recent challenges, Relaxo Footwears has shown signs of a trend reversal, gaining ground after two consecutive days of decline. However, it remains below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating ongoing pressure in the market. In light of these developments, Relaxo Footwears has been added to MarketsMOJO's list, underscoring the stock's current standing in the market. Investors and market watchers will be keen to observe how the company navigates these challenges moving forward.

Relaxo Footwears, a prominent player in the consumer durables sector, has recently experienced a notable adjustment in its evaluation. The stock has reached a new 52-week low, hitting Rs. 616.05 on December 31, 2024. This decline marks a significant downturn, with the company's performance over the past year reflecting a decrease of 31.37%, contrasting sharply with the Sensex's gain of 7.75% during the same period.
Despite the recent challenges, Relaxo Footwears has shown signs of a trend reversal, gaining ground after two consecutive days of decline. However, it remains below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating ongoing pressure in the market.

In light of these developments, Relaxo Footwears has been added to MarketsMOJO's list, highlighting the stock's current standing in the market. Investors and market watchers will be keen to observe how the company navigates these challenges moving forward.