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 once 3- month period. We barred footwear companies' request cap below Rs 500 crore. The Indian consumer is getting more brand- centric not only in the civic area but also indeed in lower municipalities, which is likely to be more salutary to the organised member as a shift from the unorganised member.
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