 "Leather, footwear stocks in focus: Relaxo, Superhouse up over 5%")
Shares of leather and footwear companies were in focus, ralliying by up to 9% on the BSE in early morning trade on hopes of incentive package from the government.
Superhouse, Relaxo Footwear, Mirza International, Mayur Leather, Liberty Shoes, Bata India, and Khadim India were up in the range of 2% to 9% on the BSE. On comparison, the S&P BSE Sensex was up 0.30% at 33,578 points at 09:39 AM.
According to PTI report, the Union Cabinet is expected to soon take a decision on Rs 2,600 crore incentive package for the labour-intensive leather and footwear sector to boost exports and job creation.
The ministry has sought tax incentives for the footwear, leather, and accessories development programme.
The final proposal has been sent to the cabinet and "we are hopeful that the cabinet would soon take a decision on this, the report suggested quoting official sources. CLICK HERE TO READ FULL REPORT.
Superhouse, Relaxo Footwear, Mirza International, Mayur Leather, Liberty Shoes, Bata India, and Khadim India were up in the range of 2% to 9% on the BSE. On comparison, the S&P BSE Sensex was up 0.30% at 33,578 points at 09:39 AM.
According to PTI report, the Union Cabinet is expected to soon take a decision on Rs 2,600 crore incentive package for the labour-intensive leather and footwear sector to boost exports and job creation.
The ministry has sought tax incentives for the footwear, leather, and accessories development programme.
The final proposal has been sent to the cabinet and "we are hopeful that the cabinet would soon take a decision on this, the report suggested quoting official sources. CLICK HERE TO READ FULL REPORT.
| COMPANY | LATEST | PREV CLOSE | GAIN(%) |
| SUPERHOUSE LTD | 201.00 | 184.75 | 8.8 |
| SUPER TANNERY | 5.56 | 5.16 | 7.8 |
| RELAXO FOOTWEAR | 602.15 | 571.10 | 5.4 |
| MAYUR LEATHER | 22.45 | 21.45 | 4.7 |
| MIRZA INTERNATIO | 173.05 | 165.55 | 4.5 |
| EURO LEDER FASH | 18.80 | 18.00 | 4.4 |
| LIBERTY SHOES | 262.25 | 251.15 | 4.4 |
| SREELEATHERS | 185.00 | 178.00 | 3.9 |
| LAWRESHWAR POLY. | 58.25 | 56.50 | 3.1 |
| BATA INDIA | 788.80 | 766.50 | 2.9 |
| KHADIM INDIA | 704.00 | 690.00 | 2.0 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%