Sell Bata India, target price Rs 1,100: Suruchi Kapoor

Suruchi Kapoor of Edelweiss Financial Services has a sell call on Bata India Ltd. with a target price of Rs 1100.0 . The current price of Bata India Ltd. is Rs 1191.8 Time period given by the analyst is Intra Day when Bata India Ltd. price can reach defined target. . Suruchi Kapoor recommended to keep a stoploss at Rs 1250 .

Bata India Ltd., incorporated in 1931, has a market cap of Rs 15317.91 crore.

Bata India's key products/revenue segments include Footwear which contributed Rs 2926.40 crore to sales value (99.93 per cent of total sales) and Other Operating Revenue which contributed Rs 2.04 crore to sales value (0.06 per cent of total sales)for the year ending March 31, 2019.


For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 830.82 crore, up 15.08 per cent from last quarter sales of Rs 721.96 crore and up 6.54 per cent from last year same quarter sales of Rs 779.79 crore. The company reported net profit after tax of Rs 118.27 crore in the latest quarter.