Relaxo Footwears' Stock Hits 52-Week Low, MarketsMOJO Issues 'Strong Sell' Call

Relaxo Footwears, a midcap company in the consumer durables industry, has recently seen a dip in its stock price. On November 19, 2024, the company's stock touched a 52-week low of Rs 661. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock is currently trading at a price that is only 0.25% away from its 52-week low. In today's trading session, it has underperformed the sector by -1.59%. This downward trend has been consistent for the past 7 days, with the stock falling by -15.01% during this period.

In terms of moving averages, Relaxo Footwear is currently trading below its 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 had a negative 1-year performance of -26.49%, while the Sensex has shown a positive performance of 17.91%. This further highlights the underperformance of the company's stock.

While the reasons for this dip in stock price are not mentioned, investors should keep a close eye on the company's financial performance and market trends before making any investment decisions. As of now, the stock is not showing any signs of improvement and investors may want to exercise caution.