Lehar Footwears Experiences Revision in Its Stock Evaluation Amid Strong Market Performance

Lehar Footwears, a microcap player in the leather industry, has recently made headlines as its stock price reached a new 52-week high of Rs. 277. This milestone, achieved on January 2, 2025, reflects a significant upward trend, with the stock outperforming its sector by 2.21% today. Over the past two days, Lehar Footwears has demonstrated strong momentum, recording an impressive return of 8.84%.
In light of its recent performance, MarketsMOJO has made an adjustment in its evaluation of Lehar Footwears. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust position in the market. The leather sector as a whole has also shown positive movement, gaining 3.5%.

Lehar Footwears has delivered a remarkable one-year performance of 95.79%, significantly outpacing the Sensex, which has seen a return of 10.87%. This strong performance underscores the company's competitive standing within the leather industry. Additionally, Lehar Footwears has been added to MarketsMOJO's list, further highlighting its growing prominence in the market.