Buy Bata India with a stop at 645: CK Narayan, Growth Avenues Asset Advisors

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, shares his views on Bata India. Excerpt.

Bata India I have picked on the basis that during the fall, it has been extremely resilient and it is the kind of stocks I like to buy which has a lot of strength even as the market caves all around us. Bata has shown this particular feature on its charts. It has managed to hold onto whatever gains it has recorded in recent times and it has been aggressive mover. Bata is trading around 655 levels. With the stop at about 645, look for a target at about 677.