Relaxo Footwears jumps 14%, snaps 3-day losing streak. What should investors do now?

Relaxo Footwears shares surged 14% to Rs 417 on the NSE, snapping a three-day losing streak and potentially marking the best single-day performance in nearly two months. The rally added nearly Rs 1,255 crore to the company's market capitalisation, taking it to Rs 10,390 crore. Technical analysts from SBI Securities cited strong buying interest at the 200-day EMA, with RSI moving above 60 and key support identified at the Rs 365-360 zone.