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.
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