Liberty Shoes - Daily Stock Picks

CMP: Rs 105
Target Price: Rs 130
EPS: Rs 5
Book Value: Rs 71

Posted by admin in Companies, Mid Term Picks on Mar 19th, 2010 | no responses

Liberty Shoes Stock Analysis:

Liberty Shoes Ltd. is the only Indian company that is among the top 5 manufacturers of leather footwear in the world with a turnover exceeding U.S. $100 million. Liberty Shoes Ltd produces 50,000 pairs of footwear a day covering virtually every age group and income category. Products are marketed across the globe through 150 distributors, 350 exclusive showrooms and over 6000 multi-brand outlets, and sold in thousands every day in more than 25 countries including fashion-driven, quality-obsessed nations like France, Italy, and Germany.
Focussing on growing in domestic market sales.
ICRA has increased its rating for Liberty’s short term debt program.
Company is facing some hiccups Footmart retail joint venture with Future Group.

Source: Sakshi Business News

The above recommendations are based on company fundamentals. We are not responsible for your investment decisions.