Footwear makers in demand Shares of three footwear makers rose by 1.75% to 3.38% at 11:44 IST on BSE after the Union Budget 2012-13 enhanced the excise duty exemption limit on non-leatherfootwear.
Relaxo Footwear (up 3.38% at Rs 306), Bata India (up 3.23% at Rs 749.70) and LibertyShoes (up 1.75% at Rs 90.25), edged higher. The BSE Sensex was up 47.92 points or 0.28% to 17,364.10 Bata India had outperformed the market over the past one month until 20 March 2012, rising 2.81% compared with the Sensex's 5.32% fall. The scrip had also outperformed the marketin past one quarter, rising 36.35% as against 14.11% rise in the Sensex. Liberty Shoes had outperformed the market over the past one month until 20 March 2012, falling 1.99% compared with the Sensex's 5.32% fall. The scrip had also outperformed the market in past one quarter, soaring 53.73% as against 14.11% rise in the Sensex. Relaxo Footwear had underperformed the market over the past one month until 20 March 2012, falling 14.50% compared with the Sensex's 5.32% fall. The scrip had, however, outperformed the market in past one quarter, rising 18.28% as against 14.11% rise in the Sensex. The Union Budget, presented on Friday, 16 March 2012, enhanced the excise dutyexemption limit on non-leather footwear from Rs 250 per pair to Rs 500 per pair. The non-leather footwear above Rs 500 per pair would, however, attract excise duty of 12% from 10% earlier. On Wed, Mar 21, 2012 at 11:25 AM, tanya mehra <[email protected]>wrote: > > U.S. Warns Iranian Oil Buyers of Sanctions Risk as Japan, EU Are > Exempted<http://www.bloomberg.com/news/2012-03-20/u-s-exempts-11-nations-from-iran-oil-sanctions-on-banking.html> > Q > > The Obama administration is sending a message to major buyers of Iranian > oil -- in particular China, India and South Korea -- that they can avoid > new U.S. sanctions by curtailing their imports of Iranian crude by the end > of June, several U.S. officials said. > > -- > Tanya Mehra. > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
