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Buy Bata India, target Rs 1,845: Chandan Taparia

Buy Bata India Ltd. at a price target of Rs 1845.0 and a stoploss at Rs 1730 from entry point.

ETMarkets.com|
Updated: Oct 22, 2019, 09.43 AM IST
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Chandan Taparia of Motilal Oswal Securities has a buy call on Bata India Ltd. with a target price of Rs 1845. The current market price of Bata India Ltd. is Rs 1783.35. Time period given by analyst is Intra Day when Bata India Ltd. price can reach the defined target. Chandan Taparia recommended to keep stoploss at Rs 1730. Bata India Ltd., incorporated in 1931, has a market cap of Rs 22724.95 crore.

Bata India Ltd. key Products/Revenue Segments include Footwear which contributed Rs 2926.40 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs 2.04 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 882.76 Crore, up 29.77 % from last quarter Sales of Rs 680.24 Crore and up 10.62 % from last year same quarter Sales of Rs 798.00 Crore Company has reported net profit after tax of Rs 100.97 Crore in latest quarter. The company’s top management includes Mr.Akshay Chudasama, Mr.Alberto Michele Maria Toni, Mr.Ashok Kumar Barat, Mr.Rajeev Gopalakrishnan, Mr.Ram Kumar Gupta, Mr.Ravi Dhariwal, Mr.Sandeep Kataria, Mr.Shaibal Sinha, Mr.Uday Khanna, Ms.Anjali Bansal. Company has B S R & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 128,527,540 shares outstanding.

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