Liberty Shoes Ltd up by 12.65%: Market Update By Espresso

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Espresso Shot of the Day - Liberty Shoes Ltd up by 12.65 percent

September 21, 2022
Espresso Shot of the Day - Liberty Shoes Ltd up by 12.65 percent

Liberty Shoes Ltd. 217.30 (+12.65%) BSE – INE557B01019 | 21st September 2022

https://www.myespresso.com/images/Binge-graph-image_Liberty-Shoes-Ltd-202209211827569560393.jpg

Liberty Shoes is acclaimed as one of the top footwear brands in India and internationally, with a presence in 25 countries across the globe. The brand has an amazing history, with a manufacturing capacity of 4 pairs a day in 1954, which stands at 50,000 pairs a day today. At present, Liberty has six manufacturing units and sells through 6,000 multi-brand outlets and 350 exclusive showrooms, in addition to 50 showrooms outside India. Starting as a small shop in 1954 and later inked as brand Liberty in 1964, the journey has been a tremendous one for the brand, which is recognized as one of the footwear leaders in the global market. The introduction of its sub-brand “Force 10” in the nineties was another major milestone in its journey, as it brought an impressive product range for both genders and all age groups. Later, Liberty came up with numerous other sub-brands, such as Gliders, Footfun, Senorita, Tiptop, Healers, Freedom, Coolers, Rebounce, Warrior, and more.


Recent Drivers

  • On September 21, 2022, shares of Liberty shoes hit an over four-year high on bourses as the stock surged more than 10% in Intraday trade, amid heavy volumes in an otherwise weak market. Sector-wise, with the focus of the government on the manufacturing sector, the future potential of the footwear industry is promising, particularly for established and organized brands. The ongoing changes in lifestyle and purchase habits have influenced the footwear industry as well.
  • Board of Directors approved interim dividend of Rs 2.50 per equity share for FY 2022-23 on Sept 15, 2022, subject to the approval of the shareholders at the Annual General Meeting. The record date for the same is September 23, 2022.
  • On Aug 10, 2022, the company reported quarterly Net Profit of Rs 5.47 crores in June 2022, up 278.59% from Rs 3.06 crores in June 2021.
  • On Aug 10, 2022, the company reported quarterly Net Sales of Rs 161.22 crores in June 2022, up 65.11% from Rs 97.64 crores in June 2021.
  • The company said in a statement on July 23, 2022, that it was planning to add 100 stores in this fiscal on the back of strong recovery in consumption that was visible in recent months.


(Sources: BSE, Moneycontrol, Business Standard)


Technical Force*

  • S&P Smallcap month till date gain by 2.05%
  • 3 months avg. NSE volume: 208,259
  • Quantity traded: 2,44,375 | Deliverable quantity: 52,003 (21.28%)
  • Stock price jumped by more than 70% from one-year low: 124.75 (Feb 24, 2022)
  • Daily RSI (14) is near overbought territory today
  • 52-week high: 227.35 | 52-week low: 124.75


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

306.93

261.22

207.93

162.22

108.93

63.22

9.93

-

Fibonacci Pivot

261.22

223.40

200.03

184.99

162.22

139.45

124.40

101.03

63.22


Today’s Close

217.30

SMA

BSE

10 DAY

190.39

20 DAY

180.79

50 DAY

165.36

200 DAY

155.78


Some Key Ratios (Source: BSE)

Market Cap: 370.28 crores

PE: 34.35

OPM%: 10.69

ROE%: 5.7

Promoters holding%: 59.38

Prev. Close: 192.9


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.