Relaxo Footwears Ltd
RELAXO

422.50

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422.15

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Buy
Reco. Price
Rs 443.00
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 ~38x FY17E P/E compared to peer average of ~42 FY17E P/E. (Target Price: Rs 500)
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50 DMA (.)
417.41
100 DMA (.)
420.43
200 DMA (.)
444.77
Weekly Range (.)
416.25
442.00
Monthly Range (.)
415.00
455.00
52 Weeks Range (.)
350.00
526.05
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