As the economy sees gradual unlocking, the sentiment towards discretionary sectors is also likely to improve. However, for sectors like footwear, product mix is playing a key role.
Analysts believe the premium footwear segment would see a delayed recovery with muted demand, which in turn would keep a tight lid on earnings. Therefore, after gaining 9.4 per cent over a month until September 3, the stock of Bata, which has higher share of premium portfolio, shed about 7 per cent in the last 4 trading sessions compared to a 2 per cent fall in Relaxo Footwears, and the BSE Sensex during ...
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