Positive on Bata India: Avinash Gorakshakar

Avinash Gorakshakar, Head of Research, Anagram Capital Ltd., in a chat with ET Now talks about Bata India.

Bata, it is just the land bank story which has been flaring up the stock, why the move yesterday?

Typically it is more of a kind of a good midcap stock with the good brand franchise and the land story is definitely still hot. One really needs to get a sense as what is the kind of land which they want to develop. They have made a lot of changes especially on their labour cost which was one of their biggest worries, so that has also helped them. So probably some sort of buying action has come in the midcap side especially for Bata but not specifically any news driven kind of inputs but definitely if something comes on the land back definitely it is something which could be a big trigger for Bata going ahead.