Buy Bata India, target Rs 885: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Bata India Ltd. with a target price of Rs 885.0 . The current market price of Bata India Ltd. is Rs 844.6. Time period given by the analyst is Intra Day when Bata India Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 830 . Bata India Ltd., incorporated in 1931, is a midcap company with a market cap of Rs 10855.44 crore.

Bata India Ltd. key Products/Revenue Segments include Footwear which contributed Rs 2495.67 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs 1.57 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 632.31 Crore, down -6.19 % from last quarter Sales of Rs 674.00 Crore and up 6.91 % from last year same quarter Sales of Rs 591.43 Crore Company has reported net profit after tax of Rs 52.08 Crore in latest quarter. The company’s top management includes Mr.Akshay Chudasama, Mr.Christopher Kirk, Mr.Rajeev Gopalakrishnan, Mr.Ram Kumar Gupta, Mr.Ravi Dhariwal, Mr.Sandeep Kataria, Mr.Shaibal Sinha, Mr.Uday Khanna, Ms.Anjali Bansal. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-03-2018, the company has a total of 128,527,540 shares outstanding.