Liberty Shoes Ltd
LIBERTSHOE

164.50

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164.80

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Reduce
Reco. Price
Rs 167.25
We recommend REDUCE on account of higher raw material prices and employee expense resulting in lower profits. Also, challenging demand environment for premium priced foot ware leads to lower than industry revenue growth in FY17E. The stock is trading at P/E of 33.1x on FY17E earnings. (Target Price - Rs.156)
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50 DMA (.)
164.29
100 DMA (.)
159.62
200 DMA (.)
170.53
Weekly Range (.)
164.00
173.80
Monthly Range (.)
159.95
183.10
52 Weeks Range (.)
128.55
209.40
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