Indian Footwear stocks DOWN on low sales hope

Footwear stocks rallied Monday on expectation that their valuations would get re-rated after the forthcoming IPO of Khadim India. The Kolkata-based Khadim plans to raise about Rs 600 crore in October. Liberty Shoes BSE 11.42 % gained 20 per cent, Mirza International BSE -0.11 % 8 per cent, and Relaxo Read more…

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