Liberty Shoes hits multi-yr high on strong outlook; stock up 104% in 1-mnth

Going ahead, the company aims to grow by 30 per cent in the year 2022-23 and is confident enough to achieve the highest ever top line and Profit before tax (PBT) in the year 2022-23

Shares of Liberty Shoes continued its northward movement, as they gained 3 per cent to hit multi-year high of Rs 341.90  per share, in Tuesday’s intra-day trade on healthy outlook.

In the past one month, the stock price of footwear company more-than-doubled or zoomed 104 per cent, as compared to 1.7 per cent decline in the S&P BSE Sensex. The stock traded close to its record high of Rs 351 apiece, which it had hit on July 22, 2014.

Currently, Liberty Shoes has a manufacturing capacity of over 50,000 pairs a day. It caters to all sections of