Relaxo Footwears is currently trading at Rs. 739.90, up by 1.65 points or 0.22% from its previous closing of Rs. 738.25 on the BSE.
The scrip opened at Rs. 749.95 and has touched a high and low of Rs. 749.95 and Rs. 738.90 respectively. So far 592 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 830.15 on 17-Feb-2020 and a 52 week low of Rs. 493.05 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 755.00 and Rs. 649.05 respectively. The current market cap of the company is Rs. 18409.56 crore.
The promoters holding in the company stood at 70.98%, while Institutions and Non-Institutions held 10.35% and 18.68% respectively.
Relaxo Footwears is planning to invest Rs 150 crore in the current fiscal (FY21) to set up a new manufacturing facility in Bhiwadi amid growing demand for open footwears such as slippers and sandals in the backdrop of the COVID-19 pandemic. Open footwears account for about 80 percent of the company’s total turnover. The company said demand for closed footwears has been affected but it expects its pick-up going forward due to the onset of winter.
Relaxo is one of India's most quality conscious and progressive footwear companies. Headquartered in Delhi, India, it maintains a fine combination of comfort, style and workmanship and is embarking upon appreciable growth plans for the future.
