Relaxo Footwears Ltd
RELAXO

409.00

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407.00

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Buy
Reco. Price
Rs 419.00

Last updated on 05-Dec-2016

We recommend BUY on account of product premiumisation and distribution expansion. This will be backed by investments in outlets and product launches. The stock trades at ~39x FY17E P/E compared to peer average of ~42 FY17E P/E. (Target Price: Rs 466)
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50 DMA (.)
428.78
100 DMA (.)
446.73
200 DMA (.)
448.33
Weekly Range (.)
406.00
438.75
Monthly Range (.)
350.00
438.75
52 Weeks Range (.)
350.00
526.05
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