Relaxo Footwears Hits 52-Week Low Amidst Ongoing Market Challenges in October'23

Feb 14 2025 09:35 AM IST
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Relaxo Footwears has reached a new 52-week low, continuing a downward trend over the past six days with a cumulative drop of 9.54%. The stock has underperformed its sector and displayed high volatility, trading below multiple moving averages and experiencing a significant decline over the past year.
Relaxo Footwears, a midcap player in the consumer durables sector, has experienced significant activity today, reaching a new 52-week low of Rs. 485.6. This decline marks a notable point in the stock's performance, which has been on a downward trajectory for the past six days, resulting in a cumulative drop of 9.54%.

The stock's performance today has underperformed its sector by 1.22%, reflecting broader challenges within the market. Additionally, Relaxo Footwears has exhibited high volatility, with an intraday fluctuation of 11.89%, indicating a turbulent trading environment.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a sustained period of underperformance. Over the past year, Relaxo Footwears has seen a decline of 42.98%, contrasting sharply with the Sensex, which has gained 6.07% during the same period. These metrics highlight the ongoing challenges faced by Relaxo Footwears in the current market landscape.
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