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Relaxo Footwears - Expect 7% Volume Growth; Expensive Valuations Compel 'Sell' Rating: Yes Securities

The brokerage initiates coverage on the company with a Sell rating, valuing the company at P/E(x) of 60x on FY26E EPS, for a target price of Rs 718.

<div class="paragraphs"><p>Relaxo Footwear store. (Source: Company official Facebook page)</p></div>
Relaxo Footwear store. (Source: Company official Facebook page)
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