17 Jul 2018 | 5:27 AM
Research Report

Equity Research Report: Master Pick - Bata India Ltd.pdf

Bata India continues to invest behind various activities like new channels and stores to address the growing consumer demand & preferences. The last quarter saw an opening of more than 50 stores and the company has an aggressive plan of expanding its retail presence across the country in 2015. Bata India is likely to open over 100 new stores a year.
30 Apr 2015 | 06:00 PM

It has retraced noticeably from the top in last three months and reached near to its support zone of long term average on weekly chart. Now, we expect consolidation to take place around current level prior to resumption of uptrend in coming weeks. Participants' can utilize this opportunity to initiate fresh long positions within 1000-1025 with close below stop loss of 930 for the target of 1260.