Leather shares in focus; Relaxo Footwear, Liberty Shoes up over 5%

Shares of footwear companies rallied by up to 8% on the BSE on back of heavy volumes on expectation of an incentive package for leather sector in the forthcoming Budget.

Relaxo Footwear, Liberty Shoes, Lawreshwar Polymers and Superhouse were up more than 5% each, while Bata India, Sarup Industries and Mirza International were up 3% each on the BSE, as compared to 0.33% rise in the S&P BSE Sensex at 10:38 am.

“The government is expected to announce an incentive package for labour intensive leather sector in the forthcoming Budget ith a view to give a boost to the segment and generate jobs,” the PTI report suggests. CLICK HERE TO READ FULL REPORT.

COMPANY	LATEST	PREV CLOSE	GAIN(%)	VOLUME
RELAXO FOOTWEAR	435.10	403.10	7.94	30240
LAWRESHWAR POLY.	41.50	39.05	6.27	18640
LIBERTY SHOES	187.20	177.15	5.67	187038
SUPERHOUSE LTD	175.45	166.75	5.22	28620
SARUP INDUSTRIES	67.00	65.05	3.00	250
MIRZA INTERNATIO	98.45	95.75	2.82	390866
BATA INDIA	489.45	476.25	2.77	123185
SUPER TANNERY	5.15	5.05	1.98	155675