Relaxo Footwears' Stock Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Relaxo Footwears, a leading player in the consumer durables industry, has been facing a downward trend in its stock performance. On November 12, 2024, the company's stock lost -5.05%, closing at a new 52-week low of Rs. 704. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock has been underperforming the sector, with a -3.42% difference in performance on the same day. This is the third consecutive day of losses for Relaxo Footwears, with a total decline of -9.71% in this period. The stock also touched an intraday low of Rs. 704, a decrease of -4.65%.

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 for the stock.

In comparison to the overall market performance, Relaxo Footwears has significantly underperformed. On the same day, the stock's 1-day performance was -4.90%, while the Sensex's performance was only -0.69%. Similarly, the stock's 1-month performance was -12.23%, while the Sensex's performance was -2.99%.

While the reasons for this decline in stock performance are not mentioned, investors should keep a close eye on Relaxo Footwears and its future performance.