Relaxo Share Price Target Still, the shares of this company gave a yield of about 33.24%. Institutional investors think Bata will perform well in the future, so its future earnings have been discounted and given its current share price.
“Last year, Bata yielded around 48%, while Relaxo achieved 101% yields as market share increased as consumers increasingly prefer open-toe shoes. The earnings, coupled with the restoration of the margin profile, will enable Bata to close the valuation gap with Relaxo.
With a strong footwear portfolio and expanded distribution coverage (especially in southern markets), Axis Securities believes Relaxo is well positioned to achieve average annual revenue and profit growth rates of 19% and 22%, respectively. in FG21-FG24P.
Relaxo Share Price Target
“Relaxo is expected to benefit from strong demand for its diversified product portfolio that caters to the diverse needs of casual footwear. The structured expansion of the company’s stores helped strengthen the Relaxo brand and facilitate the company’s close relationship with the end consumer.
The company has partnered with all of the major e-commerce companies selling their products to new online consumers and saw moderate growth in fiscal 2018. The company has made significant efforts to strengthen its operations in international markets, with a particular focus on the Middle East, Africa and Oceania.
Earlier, in February 2020, it hit an all-time high of Rs 830 and underwent a major correction in March 2020 due to disruptions due to a lockdown caused by COVID. As we can clearly see, on the weekly charts, it gave a breakout from the ascending triangle pattern on the price chart. This week the price has dropped and the volume has increased significantly.
Relaxo Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
The domestic company sees an increase in these stocks up to 20% due to demand ahead of the holidays. Relaxo Footwears’ share price hit an all-time high after the company reported strong gains for the quarter ended September 2019. Relaxo Footwears stock price exceeds the 5-day, 20-day, 50-day, 100-day and 200-day rate. daily moving averages.
As the leader in the commodity market and benefitting from the increase in options, we maintain our Buy recommendation for the stock. The brokerage firm recommended buying the shares at a target price of Rs 922 apiece. He also believes the company has a solid moat that will support sustainable long-term growth and increase market share.
This phenomenal price increase was due to the company taking deliberate steps to strengthen its manufacturing base, which provides a competitive advantage over competitors. This was driven by strong demand for open price shoes, which accounted for 80% of revenue in the first half of the year.
Higher prices, a stronger product portfolio (up 45% yoy) and cost-cutting efforts helped maintain EBITDA margins at 15.5% in the second quarter. “The GCEL share price has grown 2.5 times over the past five years (from ~ Rs 184 in October 2016 to ~ Rs 450 in October 2021).
This is done using both our quantitative analysis of the firm’s fundamentals and its inherent market price estimate to predict true value. Our model determines the value of RELAXO FOOTWEARS LTD by examining key company metrics such as operating margin and return on equity, as well as analyzing its technical metrics and the likelihood of failure.
The P / E ratio is the most commonly used of these ratios as it focuses on RELAXO FOOTWEARS profit, one of the main drivers of investment value growth.
At this time, RELAXO Stock Tips are for daily and intraday use only and have nothing to do with stock market fundamentals or news.
Check your Relaxo stock price target daily for intraday forecast and Relaxo stock price for tomorrow for short-term trading and long-term investment. Also, discover Relaxo’s forecasts provided by the best intraday indicators for short and long term investments.
You can also try to use the Aroon Oscillator module to analyze the current capital momentum using Aroon Oscillator and other momentum ratios. This indicator can help traders predict stock prices and trade accordingly.
Relaxo stock price prediction for short-term trading-using the simple moving average of the SMA indicator is a powerful indicator for short-term trading.
Relaxo Stock Price Forecast for the Day and Tomorrow – Using the MACD Indicator Check the Relaxo Stock Price Forecast using the MACD indicator to see if you should buy, sell or hold these stocks to trade. Indicator name Indicator value Indicator signal ADX 21, 31, 18 Sell MACD 17, 36 Sell Stochastic 33 No CCI -67 Sell RSI 57 Buy OBV -281859 Sell VWAP 1327 Sell ADL 0 Sell ROC -6 Sell force index 0 Sell price Stock analysis Shoes Relaxo ((RELAXO)) based on short term time frames is positive, but the trend is very volatile. Relaxo Footwears ((RELAXO)) price action analysis based on short-term time frames is clearly negative.
The short-term volume weighted average price (VWAP) is 1,327.12 and Relaxo Footwears (RELAXO) is trading below that level. If the price of Relaxo shoes is below 1357.38, the probability of reaching the goals is lower. If the Relaxo Footwears price is trading above 1291.48, the upside targets are more likely to be hit.
The share price of Relaxo Footwears is showing an upward trend, so we believe that similar market segments will be very popular for some time. Over the years, Relaxo has established a strong distribution network with more than 650 distributors, with a goal of approximately 50,000 retailers, selling approximately 6,000 pairs of shoes per day, produced in eight modern manufacturing facilities.
Indian multinational footwear manufacturer Relaxo Footwears Limited is India’s largest-selling footwear manufacturer with the second largest turnover, with a market share of over 5%.
Bata India is a key player in the Indian footwear market, represented in the mens, womens and kids categories. Based on their market capitalization, both companies have just been upgraded from small-cap to mid-cap. Both companies are good companies and have brought good wealth to investors in recent years.
In 1995-96, the company evolved from a single commercial / marketing agency to a full-fledged manufacturing unit, establishing a plant in Bahadurgarh, Haryana, producing 50,000 pairs of light hawai and chappals per day in two shifts.
This project was partially funded by the first public offering of RWL, which is Rs 4.50 crore with a premium of Rs 50 per share with a par value of Rs 10. It is currently ranked as the best Beta share among related companies, at roughly 0.02 Beta per selling price.
According to Graham’s internal equation, if the current stock price is undervalued, you should invest in stocks. We do not recommend that anyone go out immediately to buy these stocks or invest in the stock market. It is recommended that investors invest in their own company after proper analysis, and do not blindly listen to rumors, suggestions, etc.
The investment advice offered comes solely from the personal point of view of the research team. The data is provided for informational purposes only and is not intended for commercial purposes. Therefore, Fusion Media is not responsible for any business damages that you may incur as a result of your use of this data.
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Update on February 18, 2022 @ 2:10 pm