Stock Report

Liberty Shoes implements expansion plans



Posted On : 2007-04-26 05:02:59( TIMEZONE : IST )

Liberty Shoes implements expansion plans

Liberty Shoes Ltd has implemented the expansion projects in the tax exempted areas at Roorkee in Uttaranchal and at Ponta Sahib in Himachal Pradesh, and commenced their commercial operations.

The Company, in order to meet out its long term financial requirements has initiated the process of raising funds through QIP / Private Placement / FCCB and the requisite members approval in this regard has been obtained.

The stock closed the day at Rs.146, down by Rs.6.90 or 4.51%. The stock hit an intraday high of Rs.157.40 and low of Rs.146. The total traded quantity was 31035 compared to 2 week average of 8586.

Source : Equity Bulls

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