Relaxo Footwear Limited, a prominent footwear manufacturing company, has become a standout performer in the stock market, showcasing impressive returns for its investors and earning recognition as one of the best multi bagger stocks.

Recent Market Performance:

As of the latest update, a single share of Relaxo Footwear Limited is valued at Rs 832.65, experiencing a marginal 0.36 percent decrease in its price during Saturday's trading session. Over the past five days, the stock has incurred a loss of 0.86 percent. However, in the short term, it has observed declines of over 1.5 percent in one month and more than 10.50 percent in the past six months. Year-to-date, the stock has faced an approximately 8 percent decline.

Long-Term Growth Story:

Despite its recent performance, the long-term returns of Relaxo Footwear Limited paint a different picture. Over the last year, the stock has shown a modest profit of 9.25 percent. However, its growth becomes remarkable when considering a 120 percent surge over the past 5 years and an outstanding increase of over 1200 percent in the last decade.

Wealth Creation for Investors:

In retrospect, the stock has proven to be one of the best multi baggers in the indian market. If an investor had invested Rs 10,000 in Relaxo shares a decade ago and held onto the investment, the value today would be an impressive Rs 1.20 lakh.

Key Fundamentals:

As of now, the market value of Relaxo Footwear Limited stands at Rs 20,730 crore. The stock's 52-week high is Rs 974, with a 52-week low of Rs 748. The PE ratio is reported at 102.45, while the dividend yield is at 0.30 percent.

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