Relaxo Footwears Shows Trend Reversal Amid Mixed Market Signals and Volatility

Aug 29 2025 09:45 AM IST
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Relaxo Footwears experienced a notable rebound on August 29, 2025, after four days of decline, with significant intraday gains. The stock outperformed its sector and is currently above several moving averages, indicating mixed signals in its performance. The broader market remains complex, with the Sensex showing slight fluctuations.
Relaxo Footwears has shown significant movement today, gaining 8.91% on August 29, 2025. This performance marks a notable trend reversal, as the stock has rebounded after four consecutive days of decline. The stock reached an intraday high of Rs 487.35, reflecting an increase of 8.94% during the trading session.

In terms of market performance, Relaxo Footwears outperformed its sector by 6.11%. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, indicating mixed signals in its longer-term trend.

In the broader market context, the Sensex opened flat, initially down by 69.74 points, but is currently trading at 80,175.57, reflecting a slight gain of 0.12%. While the Sensex is below its 50-day moving average, the 50-day moving average is positioned above the 200-day moving average, suggesting a complex market environment.

Overall, Relaxo Footwears' recent performance highlights its volatility and the ongoing dynamics within the footwear industry.
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