Shares in Liberty Shoes has soared 15% to Rs 159, extending its past six days rally, on back of heavy volumes. The stock is currently trading at its 52-week high on the BSE, has rallied 67% from Rs 95 in past seven trading sessions.
At 1015 hours, a combined around two million shares have already changed hands against sub one million shares that were traded daily in past two weeks on the NSE and BSE.
The footwear maker is targeting revenue growth of 30-40% in the current fiscal.
Liberty Shoes had reported more than 100% year-on-year (yoy) growth in net profit at Rs 5.63 crore for the first half (April-September) of the financial year 2013-14. The company’s total income from operations grew 44% at Rs 209 crore on yoy basis.
At 1015 hours, a combined around two million shares have already changed hands against sub one million shares that were traded daily in past two weeks on the NSE and BSE.
The footwear maker is targeting revenue growth of 30-40% in the current fiscal.
Liberty Shoes had reported more than 100% year-on-year (yoy) growth in net profit at Rs 5.63 crore for the first half (April-September) of the financial year 2013-14. The company’s total income from operations grew 44% at Rs 209 crore on yoy basis.
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