Shares of Liberty Shoes were down 3% at Rs 151 on profit booking after the stock witnessed sharp gains since end-December on expectation of robust third quarter earnings.
The stock gained over 8% from Rs 143 levels since December 30,2013 ahead of its third quarter earnings annoucement.
For the third quarter ended December 2013, the company reported a net profit of Rs 3.23 crore, up 82.5% compared with Rs 1.78 crore in the corresponding third quarter last fiscal.
Total income from operations increased 22.6% to Rs 110.46 crore compared with Rs 90.10 crore in the third quarter ended December 2012.
The company sells footwear under brands such as Fortune, Gliders, Coolers, Windsor, Warrior and Force 10.
Over 446,000 shares were traded so far on both the stock exchanges
