News and Views
Extended Period of Underperformance
Relaxo Footwears has consistently lagged behind the Sensex and broader market indices over multiple time horizons. Over the past week, the stock has fallen by 4.17%, while the Sensex gained 0.79%. This negative trend extends to the monthly and yearly periods, with the stock declining 7.36% and 35.74% respectively, in stark contrast to the Sensex’s positive returns of 0.95% and 10.47% over the same durations. The underperformance is even more pronounced over the longer term, with a three-year decline of 54.49% against a 39.39% gain in the Sensex, and a five-year drop of 44.59% compared to a 94.23% rise in the benchmark. This sustained divergence highlights structural challenges facing the company and dampens investor confidence.
