Shares of this small-cap footwear company hit a fresh 52-week high today

The stock price is zooming by more than 13.93 per cent on Monday afternoon.

Sreeleathers Ltd is engaged in the business of dealing in all kinds of footwear and leather accessories. It is also engaged as a retailer and wholesaler of footwear and leather articles. The company has around 30 retail outlets (including outlets owned by franchises) spread over 9 states including West Bengal, Bihar, Jharkhand etc.   

The company posted exceptional results for the June quarter. The sales stood at Rs 44.91 crore a growth of 260.79 per cent YoY from Rs 12.45 crore reported in Q1FY22. On a sequential basis, the top line grew by 27.75 per cent. The reported PAT was at Rs 5.60 crore witnessing an increase of 405.32 per cent YoY from Rs 1.11 crore reported in Q1FY22. On a sequential basis, the bottom line grew by 52.06 per cent. 

The stock price of the company has rallied by 20.54 per cent in a week and 29.37 per cent in a month. On Monday, September 5 2022, the stock hit a fresh 52-week high of Rs 223.40 and the stock has a 52-week low of Rs 150. 

At 12:40 pm, the shares of Sreeleathers Ltd have jumped by 14.81 per cent and the scrip is trading at Rs 214.70.