Relaxo Footwears Share Price: Relaxo Footwears Shares NSE India
Relaxo Footwears Ltd. (RELAXO) saw its share price on the National Stock Exchange (NSE) rise to ₹910.00 INR, marking a significant 13.30% increase on friday. Starting at ₹803.00 INR, it peaked at ₹949.00 INR during trading.
Additional details about the company include a 52-week range spanning from a low of 748.00 INR to a high of ₹1,034.60 INR. The market capitalization currently stands at 20,359 crore INR. Relaxo Footwears offers a dividend yield of 0.31% and boasts a price-to-earnings ratio (PE) of approximately 98.7. Today’s trading volume for the company reached 66,709 shares.
Relaxo Footwears Limited makes and sells shoes and things that go with them.
Key Points
Dividend Trend of Relaxo Footwears Ltd
RELAXO has increased or maintained dividend levels over the last 5 years. Current dividend yield is 0.28%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.82 every year.
Financial Growth of Relaxo Footwears Ltd of last 5 years
Over the last 5 years, revenue has grown at a yearly rate of 7.56%, vs industry avg of 5.55%, market share increased from 21.68% to 23.98% and net income has grown at a yearly rate of -0.83%, vs industry avg of 6.84%. If we talk about its growth that showing good signs of profitability & efficiency.
Growth potential of Relaxo Footwears ltd. in the current scenario
India is the 2nd largest footwear producer the sector holds an important place in Make in India Initiative and thus, has been chosen as a Champion Sector Domestic manufacturing poised for growth in wake of decline in footwear imports Favourable growth in organized retail market & e-commerce.
About Relaxo Footwear Ltd.
Established in 1984, Relaxo has been making shoes in India for forty years. It’s now the biggest shoe company in the country and is ranked among the top 500 valuable companies. Relaxo is known for making good quality shoes that are affordable. They make flip flops, sandals, and both sports and casual shoes.
Their most popular brands are Relaxo, Sparx, Flite, and Bahamas. Relaxo is famous for its rubber flip flops, which are worn by people from all walks of life. Flite makes stylish and semi-formal flip flops that many people like.
Sparx is aimed at young, dynamic people and offers sports shoes, sandals, and flip flops. Bahamas flip flops are colorful and represent freedom, fun, and modern youth. Relaxo sells its shoes all over India and has over 350 of its own stores. You can also find their shoes on major online shopping sites.
Share Price Target of Relaxo Footwears Ltd in 2024-2025 and 2030
Share Price Target of Relaxo Footwears Ltd in 2024
In 2023, many Indian stocks, including RELAXO, went up a lot. In the first part of 2024, the stock market will probably keep feeling positive, but it might slow down a bit at the start. According to the numbers, RELAXO’s first share price target could be ₹950.
Share Price Target of Relaxo Footwears Ltd in 2025
If everything in the big and small economies, plus how the shoe business is doing, keeps going well, the price might reach ₹990.00 by December 2025.
Share Price Target of Relaxo Footwears Ltd in 2030
By the end of 2030, if the market stays positive, the price might go up to around ₹1415.22.
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