India's Relaxo Footwears hits over 3-mth high on Q4 results
10/05/2023 11:07
** Shares of Relaxo Footwears Ltd RLXO.NS rise as much as
4.4% to 880 rupees, highest since Jan 19
** Slippers maker's March-qtr profit rises 0.5%, aided by an
18.5% fall in input costs
** Co's revenue from operations rose 9.5%
** Average rating of 13 analysts covering stock close to
equivalent of 'hold'; median PT at 876 rupees
** Up to last close, stock was down ~7% so far this year
(Reporting by Biplob Kumar Das in Bengaluru)
((Biplobkumar.das@thomsonreuters.com))