Sell Bata India, target Rs 557.0 : Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Bata India Ltd. with a target price of Rs 557.0 . The current market price of Bata India Ltd. is Rs 564.5. The time period given by the analyst is Intra Day for Bata India Ltd. price to reach the defined target. Dr CK Narayan recommended to keep stop loss at Rs 573.

Bata India Ltd., incorporated in the year 1931, is a mid-cap company with a market cap of ₹ 7255.38 crore operating in the leather sector.

Bata India Ltd. key Products/Revenue Segments include Footwear which contributed ₹ 2301.36 Cr to Sales Value (93.88 % of Total Sales), Accessories, Garment & Others which contributed ₹ 148.80 Cr to Sales Value (6.07 % of Total Sales) and Other Operating Revenue which contributed ₹ 1.10 Cr to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 640.19 Cr., up 9.73% from last quarter Sales of ₹ 583.43 Cr. and up 2.42% from last year same quarter Sales of ₹ 625.09 Cr. Company has reported net profit after tax of ₹ 37.71 Cr. in latest quarter. The company’s CEO is Mr.Rajeev Gopalakrishnan. It's Board of Directors include Mr.A H M Ehsanuzzaman, Mr.Akshay Chudasama, Mr.Christopher Kirk, Mr.E Tonolli, Mr.Inderpreet Singh, Mr.J Banerjee, Mr.Jain Anup, Mr.Kumar Sumit, Mr.Mahajan Sanjay, Mr.Maloy Kumar Gupta, Mr.Matteo Lambert, Mr.Rajeev Gopalakrishnan, Mr.Rajeev Gopalakrishnan, Mr.Ram Kumar Gupta, Mr.Ram Kumar Gupta, Mr.Ravi Dhariwal, Mr.Sanjay Kanth, Mr.Shaibal Sinha, Mr.Uday Khanna, Mr.Vikas Baijal, Ms.Anjali Bansal, Ms.Kiran Joshi, Mr.Maloy Kumar Gupta. Company has its registered office at 27B, Camac Street,, 1st Floor, Kolkata, 700016, West Bengal. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 128,527,540 shares outstanding.