Liberty Shoes shines on plan to open 10 exclusive showrooms in Kerala

Liberty Shoes is currently trading at Rs. 180.90, up by 4.00 points or 2.26% from its previous closing of Rs. 176.90 on the BSE. The scrip opened at Rs. 178.50 and has touched a high and low of Rs. 182.80 and Rs. 176.50 respectively. So far 50,000 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.00 on 21-Apr-2014 and a 52 week low of Rs. 67.80 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 184.50 and Rs. 170.00 respectively. The current market cap of the company is Rs. 308.00 crore. The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 0.07% and 35.01% respectively. Liberty Shoes, a leading shoe manufacturer, has reported that it will open 10 exclusive showrooms in Kerala during current financial year. The first will come up at Marine Drive in Kochi and the company would initially spend Rs 5 crore for setting up the showrooms. Liberty Shoes is amongst the top 5 manufacturers of leather footwear of the world producing more than 50,000 pairs a day using a capacity of more than 3 lakhs square feet of leather per month.