Relaxo Footwears' Stock Plummets, Receives 'Strong Sell' Rating from MarketsMOJO

Relaxo Footwears, a midcap company in the consumer durables industry, has been facing a downward trend in its stock price. On November 11, 2024, the company's stock lost -5.07% and was trading close to its 52-week low of Rs 732.05. This performance has led MarketsMOJO to give a 'Strong Sell' call for the stock.

The stock has been underperforming the sector by -3.18% and has been on a consecutive fall for the last 2 days, with a -5.12% decline in returns during this period. Today, the stock opened with a loss of -3.67% and touched an intraday low of Rs 735.4 (-5.19%).

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. Its 1-day performance is -5.07% while the Sensex has shown a positive return of 0.45%. Similarly, in the last 1 month, the stock has declined by -7.95% while the Sensex has only seen a -1.89% decline.

Investors and experts are advised to exercise caution while considering Relaxo Footwears as an investment option. The company's current stock performance and market trends suggest a potential risk for investors. This is not a recommendation to buy or sell the stock, but rather a fact-based analysis of its current performance.