Footwear company stocks surged following the GST Council’s decision to reduce the GST rate on shoes priced up to Rs 2,500 from 12% to 5%. This tax cut, effective September 22, is anticipated to boost demand, particularly in semi-urban and rural markets, leading to investor optimism and significant gains for companies like Campus Activewear, Liberty Shoes, and Relaxo Footwears.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is
May 25, 2026