Footwear stocks have seen a good run-up in the last three months. Bata India and Relaxo Footwears have witnessed a small gain but the other four footwear stocks’ prices have surged anywhere between 45 per cent and 135 per cent in the just past 3-month period. We excluded footwear companies’ market cap below Rs 500 crore. The Indian consumer is becoming more brand-centric not only in the urban area but also even in smaller towns, which is likely to be more beneficial to the organised segment as a shift from the unorganised segment. Let’s take a look at how these footwear companies fared on SWOT analysis.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 26, according to stockedge.com’s technical scan data.
December 27, 2024