India's Relaxo Footwears hits 21-month low

Relaxo Footwears

20/01/2023 09:16

** Shares of Relaxo Footwears Ltd  RLXO.NS   RIC  fall as
much as 2.7% to 843 rupees, marking sharpest intraday pct loss
since Nov 18, 2022
    ** Stock of the footwear maker hits lowest level since April
19, 2021 
    ** RLXO on course to log losses for a third straight session
    ** Stocks seen to drop most since co reported a lower profit
in Sept-quarter results  urn:newsml:reuters.com:*:nFWN31Y3YJ
    ** More than 313,000 shares change hands, 2.8x the 30-day
avg 
    ** Analysts on an average have a "hold" rating on the stock;
median PT is 915 rupees - Refinitiv data
    ** Stock down ~30.7% in the last year
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))