Lehar Footwears Shows Strong Market Momentum Amid Sector Decline and Impressive Annual Gains
Lehar Footwears, a microcap in the leather industry, has demonstrated strong market performance, nearing its 52-week high. The stock has gained 5.11% over three consecutive days, significantly outperforming its sector. With a remarkable annual return of 118.02%, it has surpassed the broader market's performance.
Lehar Footwears, a microcap player in the leather industry, has shown significant activity today, reflecting its robust market position. The stock recently reached an all-time high on January 27, 2025, and is currently just 1.25% away from its 52-week high of Rs 291.6. Today, Lehar Footwears outperformed its sector by 5.7%, continuing a positive trend with three consecutive days of gains, amounting to a total return of 5.11% during this period. The stock recorded an intraday high of Rs 291.45, marking a 2.16% increase, while the day's low was Rs 277.35, reflecting a decline of 2.79%.
In terms of moving averages, Lehar Footwears is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward momentum. Over the past year, the company has delivered an impressive performance of 118.02%, significantly outpacing the Sensex, which has seen a return of 7.27%. Meanwhile, the leather sector overall has faced a decline of 4.25%.
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