Relaxo Footwears Experiences Revision in Stock Score Amidst 52-Week Low and Market Challenges

In a recent development, Relaxo Footwears has undergone a revision in its score, reflecting the ongoing challenges faced by the company in the consumer durables sector. The stock has recently reached a new 52-week low, with its price hitting Rs. 615 on January 8, 2025, marking a notable downturn for the midcap player. Over the past year, Relaxo Footwears has experienced a significant decline in performance, with a drop of 31.20%, contrasting sharply with the benchmark Sensex, which has seen a positive performance of 8.92% during the same timeframe.
Despite these hurdles, the stock has shown resilience by outperforming its sector by 0.66% on the day it hit the new low. However, it is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This adjustment in evaluation highlights the challenging market conditions that Relaxo Footwears is navigating, characterized by significant price fluctuations and overall performance metrics.

In light of these developments, Relaxo Footwears has also been added to MarketsMOJO's list, indicating a shift in market perception. Investors and analysts will be closely monitoring the company's performance as it seeks to stabilize and improve its standing in a competitive landscape.