Home Market Buy Bata India, target Rs 965: Manas Jaiswal

Buy Bata India, target Rs 965: Manas Jaiswal

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Manas Jaiswal of manasjaiswal.com has a buy call on Bata India Ltd. with a target price of Rs 965. The current market price of Bata India Ltd. is Rs 941.65 Time period given by the analyst is Intra Day when Bata India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 929. Bata India Ltd., incorporated in 1931, is a midcap with a market cap of Rs 12102.80 crore.

Bata India Ltd. key Products/Revenue Segments include Footwear which contributed Rs 2495.67 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs 1.57 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 797.28 Crore, up 26.09 % from last quarter Sales of Rs 632.31 Crore and up 8.32 % from last year same quarter Sales of Rs 736.06 Crore Company has reported net profit after tax of Rs 82.55 Crore in latest quarter. The companys top management includes Mr.Akshay Chudasama, Mr.Christopher Kirk, Mr.Rajeev Gopalakrishnan, Mr.Ram Kumar Gupta, Mr.Ravi Dhariwal, Mr.Sandeep Kataria, Mr.Shaibal Sinha, Mr.Uday Khanna, Ms.Anjali Bansal. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 128,527,540 shares outstanding.

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