Lehar Footwears Experiences Notable Revision in Its Stock Evaluation Amid Market Dynamics

Lehar Footwears, a microcap player in the leather industry, has recently experienced a notable adjustment in its evaluation. The stock reached a new 52-week high of Rs. 277.75 on January 3, 2025, marking a significant milestone for the company. Despite this achievement, the stock has underperformed its sector by a margin of 0.68% today, indicating a slight dip in momentum following five consecutive days of gains.
In terms of technical indicators, Lehar Footwears is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in its price action. Over the past year, the stock has delivered an impressive performance, boasting a growth rate of 100.66%, significantly outpacing the Sensex, which has seen a rise of 11.52% during the same period.

In light of these developments, Lehar Footwears has been added to MarketsMOJO's list, reflecting a revision in its score that underscores the stock's evolving market position. Investors and market watchers will be keen to observe how these dynamics unfold in the coming days.