Buy Bata India around levels of 400: Ashwani Gujral
"People should look at buying into Bata, buy around levels of 400 and chances are that you will get levels upwards of 500 on Bata."
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about Bata India.
What is the call on Bata India?
Whenever stocks breakout to new highs, there is some profit booking. So while you could have the odd one day profit booking but overall at lower levels, people should look at buying into Bata, buy around levels of 400 and chances are that you will get levels upwards of 500 on Bata. So maybe an odd profit booking day but this remains a strong counter as do other consumption stocks.
What is the call on Bata India?
Whenever stocks breakout to new highs, there is some profit booking. So while you could have the odd one day profit booking but overall at lower levels, people should look at buying into Bata, buy around levels of 400 and chances are that you will get levels upwards of 500 on Bata. So maybe an odd profit booking day but this remains a strong counter as do other consumption stocks.
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