Relaxo Footwear: This footwear manufacturing company made investors rich

Shoe-slipper manufacturing company Relaxo Footwear Limited is also doing wonders in the stock market. This company has earned such great earnings for its investors and shareholders that it is counted among the best multibagger stocks in the market.

The pace has not been going well recently

Relaxo. The value of one share of Footwear Limited is currently Rs 832.65. There was a slight decline of 0.36 percent in its price in Saturday's trading. According to the last 5 days, the stock is in loss of 0.86 percent. At the same time, this stock has fallen by more than one and a half percent in one month and by more than 10.50 percent in six months. Its stock has fallen by about 8 percent since the beginning of this year.

Strong gains in the long term

Even though the performance of this stock seems disappointing at the moment. Yes, but as we look at it in the long term, its returns become unmatched. According to the last one year, this stock is showing a profit of only 9.25 percent, but in 5 years it is showing a growth of 120 percent. At the same time, this stock has earned more than 1200 percent income for its investors in the last 10 years.

In this way investors became rich

According to the last 10 years, this stock has made the Indian stock better. Makes it one of the coolest multibaggers on the market. If we look at the way this share has performed in the last 10 years, if an investor had invested only Rs 10,000 in Relaxo shares 10 years ago and remained invested with confidence, then today the value of his investment would be Rs 1.20 lakh. It would have become Rs.

Other fundamentals of the stock

The market value of Relaxo Footwear Limited is currently Rs 20,730 crore. The 52-week high of this footwear stock is Rs 974, while the 52-week low is Rs 748. The PE ratio of this stock is 102.45, while the dividend yield is 0.30 percent.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.

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