INSUBCONTINENT EXCLUSIVE:
Shrikant Chouhan of Kotak Securities Limited has a buy call on Bata India Ltd
with a target price of Rs 1035
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
Shrikant Chouhan recommended to keep stoploss at Rs 965
Bata India Ltd., incorporated in 1931, is a midcap company with a market cap of Rs
12681.81 crore.
Bata India Ltd
key Products/Revenue Segments include Footwear which contributed Rs 2495.67 Crore to Sales Value (99.93 % of Total Sales) and Other
Operating Revenue which contributed Rs 1.57 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 797.28 Crore, up 26.09 % from last quarter Sales of Rs
632.31 Crore and up 8.32 % from last year same quarter Sales of Rs 736.06 Crore Company has reported net profit after tax of Rs 82.55 Crore
The company’s top management includes Mr.Akshay Chudasama, Mr.Christopher Kirk, Mr.Rajeev Gopalakrishnan, Mr.Ram Kumar Gupta, Mr.Ravi
Dhariwal, Mr.Sandeep Kataria, Mr.Shaibal Sinha, Mr.Uday Khanna, Ms.Anjali Bansal
Company has S R Batliboi Co
LLP as its auditoRs As on 30-06-2018, the company has a total of 128,527,540 shares outstanding.
