Lehar Footwears Achieves 52-Week High Amid Broader Market Challenges

Lehar Footwears has made headlines today as its stock price reached a new 52-week high of Rs. 322.2, marking a significant milestone for the microcap footwear company. This surge represents a remarkable 33.55% increase over the past six days, showcasing a strong upward trend in its performance. Notably, the stock outperformed its sector by 6.53%, indicating robust market positioning within the footwear industry.
Today's trading session was characterized by high volatility, with an intraday fluctuation of 7.82%. Lehar Footwears is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing its positive momentum. The broader leather sector also experienced gains, rising by 4.24%.

In contrast, the overall market faced challenges, with the Sensex declining by 273.88 points to close at 82,081.04, remaining 4.75% shy of its 52-week high. Despite this, Lehar Footwears has demonstrated impressive performance over the past year, boasting a 119.58% increase compared to the Sensex's 10.90% rise. The stock's 52-week low stands at Rs. 117.05, highlighting its significant recovery and growth trajectory.