Liberty Shoes lost 3.53% to Rs 150.10 at 9:50 IST on BSE, with the stock sliding on profit taking after recent gains after net profit rose 82.48% to Rs 3.23 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Tuesday, 14 January 2014.
Meanwhile, the S&P BSE Sensex was up 133.08 points or 0.63% at 21,165.96.
On BSE, so far 70,000 shares were traded in the counter as against average daily volume of 1.37 lakh shares in the past two weeks.
The stock was volatile. The stock lost as much as 3.85% at the day's low of Rs 149.60 so far during the day. The stock rose as much as 0.89% at the days' high of Rs 157 so far during the day. The stock had hit a 52-week high of Rs 163.20 on 27 December 2013. The stock had hit a 52-week low of Rs 67.80 on 7 August 2013.
Shares of Liberty Shoes had risen 5.09% in two trading sessions to settle at Rs 155.60 on Tuesday, 14 January 2014 from a recent low of Rs 148.05 on 10 January 2014.
Liberty Shoes' total income from operations rose 22.58% to Rs 110.45 crore in Q3 December 2013 over Q3 December 2012.
Liberty Shoes is one of the leading footwear manufacturers in India.
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