Lehar Footwears Shows Strong Resilience and Outperformance in Footwear Sector

Lehar Footwears Ltd, a microcap player in the footwear industry, has shown remarkable performance over the past year, boasting a staggering 102.48% increase, significantly outpacing the Sensex, which recorded an 8.17% rise during the same period. Despite a slight decline of 1.51% today, Lehar Footwears has demonstrated resilience with a 5.82% increase over the past month, compared to the Sensex's modest 1.36% gain.
Technical indicators present a mixed picture, with the Moving Averages signaling a bullish trend on a daily basis, while the MACD reflects a bullish stance weekly but mildly bearish monthly. The Bollinger Bands indicate a mildly bullish outlook weekly and a bullish trend monthly, suggesting potential stability in price movements.

Lehar Footwears' market capitalization stands at Rs 481.00 crore, with a price-to-earnings ratio of 44.55, which is notably lower than the industry average of 59.98. This performance highlights the company's strong position within the footwear sector, showcasing its ability to outperform broader market indices over various time frames, including impressive long-term gains of 613.76% over three years and 1675.00% over five years.