Sell Bata India, target price Rs 1400: HDFC Securities

HDFC Securities has sell call on Bata India with a target price of Rs 1400. The current market price of Bata India Ltd. is Rs 1918.8. Time period given by analyst is one year when Bata India Ltd. price can reach defined target.

Bata India Ltd., incorporated in the year 1931, is a Large Cap company (having a market cap of Rs 24665.08 Crore) operating in Leather sector.

Bata India Ltd. key Products/Revenue Segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 854.81 Crore, up 36.63 % from last quarter Total Income of Rs 625.66 Crore and up 35.93 % from last year same quarter Total Income of Rs 628.84 Crore. Company reported net profit after tax of Rs 72.32 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.96 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.66 per cent, DIIs 27.41 per cent.