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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 

Shares of maker have rallied by up to 6% on BSE after the finance minister Arun Jaitely proposed to reduce on leather to 6%.

has rallied 6.5% to Rs 299, followed by (up 5% at Rs 1,287), (4% at Rs 735) and Mirza International (2% at Rs 92).
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Leather incentives to benefit companies like and leather manufacturers.
 

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