This Indian shoe brand stock is buzzing on the bourses hitting back-to-back upper circuits

The stock observed a J curve, thus giving a return of 131 per cent returns in just 10 days.

Shares of Liberty Shoes opened at Rs 385 and reached a new all-time high of Rs 402.20 today. In terms of price, the stock has risen by 5 per cent. Prices for the stock have ranged from Rs 402 to Rs 124.75 over the past 52 weeks. The company marker is Rs 657 crore on the stock market and it is trading at a PE of 57.79 times right now. In just 10 days the stock gave a return of 131 per cent to its investors. 

The company sells several different types of shoes, including dress shoes, athletic shoes, slip-on, ballet flats, casual shoes, and even school shoes. The company not only makes and sells military and police boots, but also industrial safety shoes and boots. Additionally, it offers a wide selection of bags, belts, wallets, purses, and other accessories to complement your purchase of shoes. 

Fortune, Warrior, Windsor, Senorita, Tiptop, Footfun, Perfect, and Force-10 are just a few of the well-known brands that this company manufactures. The company's products are sold through both its e-commerce platform and that of its E-commerce partners, such as Amazon, Flipkart, Smytten, and Paytm. Presently, the company has 5 manufacturing facilities in Haryana, Himachal Pradesh and Uttarakhand with a combined capacity of 1.06 crore shoe p.a. 

The company's sales for the past twelve months totalled Rs 551 crore. Each month, the company's operating margin grows larger. Compared to FY22's 9.3 per cent, the operating margin for the prior twelve months is now at 9.9 per cent. Recent months have seen a decline in the company's spending on raw materials. Cash flow at the company is in a secure position. The company generated Rs 38 crore in cash from activities during the fiscal year ending in FY22.