Bata looks good for investment: Siddharth Sedani, Microsec Capital Ltd
Bata India has transformed itself from being a shoe player to India’s growing Retailer and hence is looking set to trade at higher multiples commanded by other retail players.
By ET Online | Updated:
Siddharth Sedani, AVP (Portfolio Management Service), Microsec Capital Ltd gives his take on Bata India to economictimes.com
What are your thoughts on Bata?
Bata India has transformed itself from being a shoe player to India’s growing Retailer and hence is looking set to trade at higher multiples commanded by other retail players. With Strong Brand Value, Mass appeal, new strategies, Strong Management, Value for money products and Neglible Debt, Bata India looks to be a good bet for investment. We assign a multiple of 30x on its CY12E EPS of Rs.22.3 to arrive at a Target price of Rs 670 for a time horizon of 18 months.
What are your thoughts on Bata?
Bata India has transformed itself from being a shoe player to India’s growing Retailer and hence is looking set to trade at higher multiples commanded by other retail players. With Strong Brand Value, Mass appeal, new strategies, Strong Management, Value for money products and Neglible Debt, Bata India looks to be a good bet for investment. We assign a multiple of 30x on its CY12E EPS of Rs.22.3 to arrive at a Target price of Rs 670 for a time horizon of 18 months.
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