Relaxo Footwears shares surged 14% on Friday, snapping a three-session losing streak, as strong buying emerged at key technical levels. The rally added nearly Rs 1,255 crore to the company's market capitalisation. After falling 55% from its 52-week high to a March low, the stock has staged a sharp recovery, rebounding over 76% from the lows.
Relaxo Footwears shares surged 14% on Friday, snapping a three-session losing streak, as strong buying emerged at key technical levels. The rally added nearly Rs 1,255 crore to the company's market capitalisation. After falling 55% from its 52-week high to a March low, the stock has staged a sharp recovery, rebounding over 76% from the lows.
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