Broking has buy call on Bata India with a target price of Rs 1930. The current market price of . is Rs 1836.15. Time period given by analyst is Intra Day when Ltd. price can reach defined target.
Bata India Ltd., incorporated in the year 1931, is a Large Cap company (having a market cap of Rs 23602.15 Crore) operating in Leather sector.
Bata India Ltd. key Products/Revenue Segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 684.00 Crore, down -19.98 % from last quarter Total Income of Rs 854.81 Crore and up 13.19 % from last year same quarter Total Income of Rs 604.29 Crore. Company reported net profit after tax of Rs 62.96 Crore in latest quarter.
Investment Rationale
It has crossed the resistance zone of major MAs (100 & 200 EMA) and trading on the verge of a breakout
Promoter/FII Holdings
Promoters held 52.96 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.66 per cent, DIIs 27.41 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
