India's Metro Brands hits record high on Foot Locker deal

Metro Brands

30/11/2023 04:49

** Shares of India's Metro Brands  METB.NS  rise as much as
8.5% to a record high of 1441.20 rupees
    ** U.S.-based athleisure chain Foot Locker  FL.N  inks deal
with co to enter the Indian market in 2024
    ** Stock sees busiest day in nearly 2 months
    ** Average rating of 15 analysts equivalent of "hold," their
median PT is 1,231 rupees - ~10% below its current price     
    ** Stock last up 3%, taking YTD gains to ~55%; It had nearly
doubled in 2022 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))