Relaxo Footwear (RELAXO) Share News & Alerts
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Relaxo Footwears surges after Q4 PAT climbs to Rs 68 crore
▲ Bullish +0.61%
The significant 20.4% YoY net profit jump to Rs 68 crore strongly beat typical street expectations of Rs 42-50 crore, triggering sharp volume spurt and breakout action. Given the substantial multi-quarter demand slowdown and mass-market headwinds previously observed, this earnings recovery serves as a material structural catalyst. Expect a strong bullish positional trend over the next 2-4 weeks as delivery volumes expand and analysts upgrade the stock's forward earnings multiples.
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