" Relaxo Footwears (BUY) 107-110 (Target1) 113 (Target2) 118 / 129 (Sl) 99
Renewed interest was se-en in many footwear stocks on expectations of sharp improvement in exports and festive sales. Relaxo Footw-ears is one of the largest manufacturers of hawai slippers. Competing with Chinese manufacturers, it bagg-ed large orders from the global retailing giants Tesco and Wal-Mart. Excellent Q1 results and book value of Rs 62 make the stock good buy for steady gains in medium term. Buy on declines for a target price of Rs 175 in the medium term."
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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