Relaxo Footwear has garnered many followers on Dalal Street of late. Its stock has delivered a mind-boggling 374% return in the past three years and trades currently at 33x FY17 consensus earnings, closing in on the valuation gap with rival, Bata India, which trades at 36.2x.
Can Relaxo beat Bata?
Relaxo has bridged the valuation gap with Bata through a smart strategy
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