Relaxo Footwears Ltd. is a leading Indian footwear company. It is headquartered in Faridabad, Haryana, India. Relaxo manufactures and sells a wide range of footwear products, including slippers, sandals, clogs, and shoes. The company’s products are sold under various brands, including Relaxo, Hawai, and Sparx.
Relaxo Share Price Target
| Year | Relaxo Share Price Target (₹) |
|---|---|
| 2023 | 1050 |
| 2024 | 1229 |
| 2025 | 1406 |
| 2026 | 1583 |
| 2027 | 1760 |
| 2028 | 1937 |
| 2029 | 2114 |
| 2030 | 2291 |
Relaxo is a listed company on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. The company’s stock code on the BSE is 530517, and its stock code on the NSE is RELAXO.
Relaxo Share Price Performance
Relaxo’s share price has performed well in recent years. The stock has gained over 100% in the past year. Relaxo is also one of the most valuable footwear companies on the Indian stock market.
Relaxo Share Price Target 2023
Analysts are bullish on Relaxo’s share price in the near term. The average share price target for the stock in 2023 is ₹1050.00. This represents a potential upside of over 20% from the current price.
Relaxo Share Price Target 2024
Analysts expect Relaxo’s share price to continue to rise in 2024. The average share price target for the stock in 2024 is ₹1229.00. This represents a potential upside of over 30% from the current price.
Relaxo Share Price Target 2025
Analysts are even more bullish on Relaxo’s share price in the long term. The average share price target for the stock in 2025 is ₹1406.00. This represents a potential upside of over 50% from the current price.
Factors Driving Relaxo’s Share Price
There are a number of factors driving Relaxo’s share price higher. These factors include:
- Strong growth in the Indian footwear market
- Relaxo’s leading position in the Indian footwear market
- Relaxo’s wide range of footwear products
- Relaxo’s strong focus on innovation
- Relaxo’s experienced management team
Risks to Relaxo’s Share Price
There are a number of risks that could impact Relaxo’s share price. These risks include:
- Slowdown in the Indian economy
- Increased competition from other footwear companies
- Rising input costs
- Adverse government policies
Conclusion
Relaxo is a well-established footwear company with a strong track record. The company is well-positioned to benefit from the growth of the Indian footwear market. Analysts are bullish on Relaxo’s share price in the near and long term.
