Time period given by analyst is Intra Day when Bata India 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 27274.19 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 30-06-2021, the company reported a Consolidated Total Income of Rs 279.25 Crore, down -53.79 % from last quarter Total Income of Rs 604.29 Crore and up 49.24 % from last year same quarter Total Income of Rs 187.12 Crore. Company reported net profit after tax of Rs -69.48 Crore in latest quarter.
Investment Rationale
Buying action continued in the stock after range breakout on weekly frame.
Promoter/FII Holdings
Promoters held 52.96 per cent stake in the company as of 30-Jun-2021, while FIIs owned 5.23 per cent, DIIs 27.3 per cent.
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