India's Metro Brands jumps on report of partnership talks with Foot Locker

Metro Brands

27/02/2023 07:49

** Shares of Metro Brands  METB.NS  up as much as 5.19% at
849 rupees, their highest since Dec. 30
    ** U.S. footwear and sportswear retailer Foot Locker is in
talks with Metro Brands for their India entry, ET Now reported
on Friday
    ** Brokerages bullish on the co, with 7 out of 10 firms
rating co a "buy" or above, 1 rates it a "hold", and 2 rate it a
"sell", their median PT is 1,045 rupees - Refinitiv data
    ** More than 273,165 shares change hands, as of 12:54 p.m.
IST, 1.6x the 30-day avg of 176,019 shares - Refinitiv data
    ** Stock down 8.65% YTD as of last close, after gaining
92.8% in 2022

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))