Bata India, Relaxo, Khadim India: Time to step into footwear stocks?

Is it a good time to buy footwear-related stocks as the economy opens up more and people prepare to head back to offices? Here's how they look on the technical charts

Footwear stocks were trading mixed in the morning deals on Tuesday. While Khadim India, Mirza International, and Relaxo Footwears advanced, Bata India, and Liberty Shoes traded in the red. In comparison, the benchmark S&P BSE Sensex was quoting 0.55 per cent higher at 40,656 levels. 

In an interview to a television channel on Tuesday, Sandeep Kataria, CEO of Bata India said that most of their stores are now open. The company, according to Kataria, has opened 15 new stores after unlock has started and is planning to open 30 more by the end of the year.

So, is it a