In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Govt. has decided to continue relief under various export promotion schemes by granting an extension of the existing Foreign Trade Policy by another one year i.e. up to March 31, 2021. Several other relief measures have also been announced to support trade and industry.
Reacting to this news, shares of footwear companies gained in an otherwise weak market.
Shares of Khadim India, Mirza International and Liberty Shoes surged in the range of 10-4%, respectively.
Khadim India Ltd is currently trading at Rs84.50 up by Rs8.05 or 10.53% from its previous closing of Rs76.45 on the BSE.