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Footwear stocks extend rally; Relaxo hits new high, Bata nears record high

Bata India, Liberty Shoes, Relaxo Footwear, Superhouse and Khadim India were up 1% to 8% on the BSE

bata store, shoes, footwear, sandals
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Photo: Sanjay K Sharma

SI Reporter Mumbai
Shares of footwear companies were trading higher for the second straight day in a row with Relaxo Footwear hitting new high, while Bata India trading close to its record high on the BSE in an otherwise weak market today.

Bata India, Liberty Shoes, Relaxo Footwear, Superhouse and Khadim India were up 1% to 8% on the BSE. On comparison, the S&P BSE Sensex was down 0.34% or 122 points at 35,440 at 09:58 am.

The Indian footwear industry is valued at Rs 500-550 billion, which is expected to grow at a CAGR of around 15% going ahead. One
Topics : Bata India

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