Bata India Ltd., incorporated in the year 1931, is a Large Cap company (having a market cap of Rs 21769.99 Crore) operating in Leather sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 604.29 Crore, down -3.90 % from last quarter Total Income of Rs 628.84 Crore and down -5.23 % from last year same quarter Total Income of Rs 637.65 Crore. Company reported net profit after tax of Rs 29.47 Crore in latest quarter.
Investment Rationale
The stock has resumed an uptrend after breaking out of the neckline of a Cup & Handle pattern on good volumes. Technical indicator RSI turning upwards from the 60-level suggests extended upside in the stock in the coming sessions.
Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of March 31, 2021, while FIIs held 5.3 per cent, DIIs 26 per cent and public and other 15.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
