Buy Bata India, price target Rs 1,800: Arun Kumar

Arun Kumar of Reliance Securities has a buy call on Bata India Ltd. with a target price of Rs 1800.0 . The current price of Bata India Ltd. is Rs 1665.4 . Arun Kumar recommended to keep a stoploss at Rs 1590 .

Bata India Ltd., incorporated in the year 1931, is a Large Cap company (having a market cap of Rs 21135.07 Crore) operating in Leather sector.

Bata India Ltd. key Products/Revenue Segments include Footwear which contributed Rs 2926.40 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs 2.04 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 830.82 Crore, up 15.08 % from last quarter Sales of Rs 721.96 Crore and up 6.54 % from last year same quarter Sales of Rs 779.79 Crore Company has reported net profit after tax of Rs 118.27 Crore in latest quarter.