Shares of leading footwear maker Lehar Footwears have given multibagger returns to the investors. According to BSE data, the stock has given a whopping 171 per cent return in just 12 months. The benchmark Sensex has gained 14 per cent during the same period.
As per the data, the stock has gained 271 per cent in a span of two years. It has grown by a whopping 492 per cent in a span of three years.
This footwear industry company has left its peers behind in terms of returns. While Bata India shares have given negative returns of 9 per cent and SriLeathers have gained 7.50 per cent, Lehar Footwears has turned multibagger. The stock is listed on BSE.
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Lehar Footwears, established in the year 1994, is a Small Cap category company with a market valuation of Rs 156 Crore. The company has four manufacturing plans with a capacity of 20 million pairs per annum.
As per the shareholding pattern, promoters hold 70.82 per cent stake in the company, while the rest 29.18 per cent is held by the public.
The company recently informed the exchanges that it has appointed Govinda as the brand ambassador as it looks to expand its presence in Tier II and III cities and rural markets. In addition, the firm has also announced the upcoming ‘The Wave Way’ campaign.
The company recently announced that it has received approval for the promotional campaign with the government.
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Shares of Lehar Footwears was last trading at Rs 100 per share on BSE. The company got listed in 2007. Lehar Footwears was earlier Lawreshwar Polymers. In 2019 the company name was changed to Lehar Footwears.