 "Leather shares in focus; Relaxo Footwear, Liberty Shoes up over 5%")
Shares of footwear companies rallied by up to 8% on the BSE on back of heavy volumes on expectation of an incentive package for leather sector in the forthcoming Budget.
Relaxo Footwear, Liberty Shoes, Lawreshwar Polymers and Superhouse were up more than 5% each, while Bata India, Sarup Industries and Mirza International were up 3% each on the BSE, as compared to 0.33% rise in the S&P BSE Sensex at 10:38 am.
“The government is expected to announce an incentive package for labour intensive leather sector in the forthcoming Budget ith a view to give a boost to the segment and generate jobs,” the PTI report suggests. CLICK HERE TO READ FULL REPORT.
Relaxo Footwear, Liberty Shoes, Lawreshwar Polymers and Superhouse were up more than 5% each, while Bata India, Sarup Industries and Mirza International were up 3% each on the BSE, as compared to 0.33% rise in the S&P BSE Sensex at 10:38 am.
“The government is expected to announce an incentive package for labour intensive leather sector in the forthcoming Budget ith a view to give a boost to the segment and generate jobs,” the PTI report suggests. CLICK HERE TO READ FULL REPORT.
