Remain invested in Liberty Shoes: Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "One can remain invested in Liberty Shoes. The stock has seen massive price appreciation in 2014, the stock rallied from Rs 120-140 towards Rs 320-340. However, in the last few months the stock has corrected from its recent high, so basically this is just a corrective phase of a larger degree uptrend and we are observing a strong support around Rs 205-210."

 

Liberty Shoes closed at Rs 232.10, up Rs 3.60, or 1.58 percent.