Bata India Ltd
BATAINDIA

464.95

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

465.25

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

472.35

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reduce
Reco. Price
Rs 448.00

Last updated on 09-Jan-2017

We recommend REDUCE on the stock on account of company losing market share to unorganized players. Also, due to weak consumer sentiment, company has deferred plan to open new stores. Given the low growth prospects, stock looks overvalued at 23.3x P/E on FY18E earnings. (Target Price: Rs.421)
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50 DMA (.)
435.03
100 DMA (.)
469.88
200 DMA (.)
511.92
Weekly Range (.)
465.45
499.00
Monthly Range (.)
416.10
499.00
52 Weeks Range (.)
399.20
613.65
Detailed Chart