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Chart Check: This largecap footwear player gave a breakout from the bearish parallel channel; time to buy?
The footwear stock with a market capitalization of more than Rs 25,000 crore rose from Rs 1,678 on 29 June 2022 to Rs 1,964 on 29 July, which translates into an upside of about 17 per cent.Short-term traders can look to buy the stock now or on dips for a possible target of Rs 2,262 in the next 1-3 months which will surpass its 16 November 2021 high of Rs 2261.65 on the BSE, suggest experts.