Liberty Shoes surges 17%, hits over four-year high on heavy volumes

Till 12:38 PM, nearly 2.75 million equity shares, representing 16 per cent of total equity of Liberty Shoes, had changed hands on the NSE

Shares of Liberty Shoes hit an over four-year high of Rs 226.10 on the National Stocks Exchange (NSE), as the stock surged 17 per cent in Wednesday's intra-day trade, amid heavy volumes in an otherwise weak market. The stock of the footwear company quoted at its highest level since August 2018.

At 12:38 PM, the stock was trading 15 per cent higher at Rs 222.15, as compared to 0.70 per cent decline in the Nifty 50. The average trading volumes on the counter jumped over three-fold today with nearly 2.75 million equity shares, representing 16 per cent of total