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Footwear makers gain on reduction in excise duty

Liberty Shoes, Bata India, Relaxo Footwears and Mirza International were up 2-6% on BSE.

SI Reporter Mumbai
Last Updated : Feb 28 2015 | 12:42 PM IST
Shares of footwear maker have rallied by up to 6% on BSE after the finance minister Arun Jaitely proposed to reduce excise duty on leather footwear to 6%.

Liberty Shoes has rallied 6.5% to Rs 299, followed by Bata India (up 5% at Rs 1,287), Relaxo Footwears (4% at Rs 735) and Mirza International (2% at Rs 92).


Leather footwear incentives to benefit companies like Bata India and leather manufacturers.
 

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First Published: Feb 28 2015 | 12:31 PM IST

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