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Footwear stocks rallies on buzz of special package for leather sector in forthcoming Budget
Jan-12-2017

Relaxo Footwears is currently trading at Rs. 430.00, up by 26.90 points or 6.67% from its previous closing of Rs. 403.10 on the BSE. The scrip opened at Rs. 407.20 and has touched a high and low of Rs. 448.45 and Rs. 407.20 respectively. So far 38110 shares were traded on the counter.

Liberty Shoes is currently trading at Rs. 187.60, up by 10.45 points or 5.90% from its previous closing of Rs. 177.15 on the BSE. The scrip opened at Rs. 185.00 and has touched a high and low of Rs. 192.00 and Rs. 184.50 respectively. So far 227277 shares were traded on the counter.

Lawreshwar Polymers is currently trading at Rs. 42.90, up by 3.85 points or 9.86 % from its previous closing of Rs. 39.05 on the BSE. The scrip opened at Rs. 40.95 and has touched a high and low of Rs. 44.90 and Rs. 40.10 respectively. So far 24936 shares were traded on the counter.

Superhouse is currently trading at Rs. 175.00, up by 8.25 points or 4.95 % from its previous closing of Rs. 166.75 on the BSE. The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 184.50 and Rs. 172.00 respectively. So far 37217 shares were traded on the counter.

Footwear stocks rallied on the repot that government may announce package for leather sector in forthcoming Budget.  The government is expected to announce an incentive package for labour intensive leather sector in the forthcoming Budget with a view to give a boost to the segment and generate jobs. The commerce and industry ministry has asked its finance counterpart to give financial assistance for the Indian Leather Development Programme (ILDP) and for setting up of mega leather clusters in the country.

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