Indian footwear stocks rise on budget support policy for leather, footwear industries

Khadim India

01/02/2025 06:03

** Indian footwear stocks jump as Finance Minister Nirmala
Sitharaman announces new policy to support domestic leather
industry, footwear sector 
    ** Bata India  BATA.NS  and Metro Brands  METB.NS  rise 2.2%
and 1.8% respectively; Liberty Shoes  LIBS.NS  jump 6.5% 
    ** Relaxo Footwear  RLXO.NS  climbs 6%, Khadim India
 KHAD.NS  and Campus Activewear  CAMU.NS  advance 2.5% and 5.2%
respectively
    ** Sitharaman says policy measures expected to generate
employment for 2.2 mln people, achieve revenue of 400 bln rupees

 (Reporting by Hritam Mukherjee and Ashna Teresa Britto in
Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))