Relaxo Footwears Shows Strong Performance Amidst Broader Market Gains

Mar 20 2025 02:45 PM IST
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Relaxo Footwears experienced notable activity on March 20, 2025, marking its third consecutive day of gains with a total return of 10.99%. The stock opened higher and reached an intraday peak, while its performance contrasts with longer-term moving averages. The broader market, represented by the Sensex, also saw an increase.
Relaxo Footwears has shown significant activity today, gaining 5.39% as of March 20, 2025. The stock has outperformed its sector by 4.36%, marking its third consecutive day of gains, with a total return of 10.99% over this period. It opened with a notable gain of 2.25% and reached an intraday high of Rs 440.65, reflecting a 4.92% increase.

In terms of moving averages, Relaxo Footwears is currently above its 5-day and 20-day moving averages but remains below its 50-day, 100-day, and 200-day moving averages. This indicates a mixed short-term performance relative to longer-term trends.

In the broader market context, the Sensex has also been on the rise, climbing 503.81 points to reach 76,420.92, a 1.29% increase. While the Sensex is trading above its 50-day moving average, it is noteworthy that the 50-day moving average is below the 200-day moving average. Overall, Relaxo Footwears' performance today reflects a positive shift amidst a generally upward trend in the market.
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