INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on Bata India Ltd
with a target price of Rs 1465
The current market price of Bata India Ltd
Time period given by the analyst is Intra Day when Bata India Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 1430
Bata India Ltd., incorporated in 1931, has a market cap of Rs 18599.86 crore.
Bata India Ltd
key Products/Revenue Segments include Footwear which contributed Rs 2634.90 Crore to Sales Value (99.94 % of Total Sales) and Other
Operating Revenue which contributed Rs 1.41 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 679.39 Crore, down -12.75 % from last quarter Sales of
Rs 778.70 Crore and up 7.45 % from last year same quarter Sales of Rs 632.31 Crore Company has reported net profit after tax of Rs 88.27
The company’s top management includes Mr.Akshay Chudasama, Mr.Alberto Michele Maria Toni, Mr.Ashok Kumar Barat, Mr.Rajeev Gopalakrishnan,
Mr.Ram Kumar Gupta, Mr.Ravi Dhariwal, Mr.Sandeep Kataria, Mr.Shaibal Sinha, Mr.Uday Khanna, Ms.Anjali Bansal
LLP as its auditoRs As on 31-03-2019, the company has a total of 128,527,540 shares outstanding