Buy Bata India, target price Rs 1500: Kotak Securities

Kotak Securities has a buy recommendation on Bata India with a target price of Rs 1500. The current market price of Bata India is Rs 1470.3. The brokerage firm believes that Bata India is well-positioned to benefit from the growing demand for footwear in the Indian market. The company has a strong brand presence, a wide distribution network, and a loyal customer base. Bata India's financial performance has been strong in recent quarters, and the company is expected to continue to grow in the coming years.

About Bata India:

Bata India, established in 1931, is India's leading footwear manufacturer and retailer, with a presence in over 500 cities and towns across the country. The company offers a wide range of footwear, including casual, formal, sports, and safety shoes, under various brands such as Bata, Hush Puppies, Sparx, and Marie Claire. Bata India operates over 1,200 retail stores and employs around 10,000 people. The company has a strong focus on innovation and sustainability, and its products are known for their comfort, durability, and affordability.

52 Week Price Trend:

Bata India (NSE: BATAINDIA) is currently trading at Rs 1470.3, within the range of its 52-week high of Rs 1771.45 and 52-week low of Rs 1380.85. This indicates a moderate premium over its recent low but a significant discount to its 52-week high. Investors may consider evaluating the company's fundamentals, market outlook, and potential growth drivers before making investment decisions.

Stratzy's MOST Analysis:

BATAINDIA has been rated BB- by Stratzy's MOST framework. This rating indicates that the stock poses a medium fundamental risk to investors. The framework assesses companies based on four pillars: Management, Outlook, Safety, and Trend. BB- rating suggests that the company has some strengths and weaknesses in these areas, warranting caution for investors. The rating is based on a scoring system that evaluates each pillar and assigns an overall grade.

Company's Fundamentals:

Bata India (NSE: BATAINDIA) is a footwear company listed on the National Stock Exchange of India (NSE). The company's stock is currently trading at a PE ratio of 63.49, indicating that investors are willing to pay Rs. 63.49 for every Re. 1 of the company's earnings. The PB ratio, or price-to-book ratio, is 13.09, suggesting that investors are paying Rs. 13.09 for every Re. 1 of the company's book value. The dividend yield, or the percentage of the company's stock price that is paid out as dividends, is 0.95%. This indicates that investors can expect to receive Rs. 0.95 in dividends for every Rs. 100 invested in the company's stock.

Fundamental and Technical information provided in this blog were last updated on 25 Jun, 2024

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