Relaxo Footwears

Relaxo Footwear stock has plummeted 72% due to weak consumer demand and competition. While the company is restructuring, analysts express short-term concerns, but foresee potential long-term growth.

Budget 2025: Footwear stocks like Relaxo Footwears and Mirza International rose up to 13% on February 1 after the Finance Minister announced a focused product scheme for the footwear and leather sectors, potentially creating 22 lakh jobs and generating ₹ 4 lakh crore in turnover.

Axis Securities picks Trent, Westlife Foodworld, and Relaxo Footwear as top retail stock choices post Q4FY24 results season. Premium retailers maintain growth, value retailers show recovery, and QSR face challenges.

Q4 results today: Abbott India, Escorts Kubota, Timken India, Relaxo Footwears, Nexus Select Trust, Alembic Pharmaceuticals, TVS Holdings, Mahanagar Gas, Vardhman Textiles, Alkyl Amines Chemicals, and Orient Electric are among the companies that will announce their Q4 earnings today.

Stocks to Buy- ICICI Bank, Maruti, SBI, Lupin , Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, PNC infra, ITC, Relaxo Footwears, CIE Automotive India, Bank of Baroda, Westlife Foodworld, CreditAccess Grameen, JTL Industries are the top 16 stock picks of Axis Securities

The company aims to add 100 stores per year and enhance the share of online (including omni-channel) revenue from almost 8% in FY23.

In August, midcaps and smallcaps outperformed largecaps. In the last one month, sector rotation was clearly visible in the market in which Media, IT, and Pharma indices delivered positive returns while Banks, Financial Services, Energy, commodities, and PSU Banking indices witnessed weakness.

Axis Securities has released its top picks for June, including Dalmia Bharat, Federal Bank, Ashok Leyland, Polycab India, Relaxo Footwears, and Aarti Drugs.