Top Stocks Today : Kotak Securities has Buy call on Bata India - October 30

Kotak Securities has issued a buy call on Bata India, with a target price of Rs 1400. The recommendation is based on the company's strong fundamentals and growth potential. Bata India is a leading footwear manufacturer and retailer in India, with a wide range of products for all ages and segments. The company has a strong brand presence and a well-established distribution network. Kotak Securities believes that Bata India is well-positioned to benefit from the growing demand for footwear in India.

About Bata India:

Bata India, a leading footwear retailer in India, is part of the global footwear giant Bata Shoe Organization. Founded in 1931, it has a strong presence across the country with over 1,350 retail stores. Bata India offers a wide range of footwear for men, women, and children, including casual shoes, dress shoes, sandals, sports shoes, and accessories. The company also manufactures its own footwear in India, with a focus on quality and affordability. Bata India's commitment to providing comfortable and stylish footwear at affordable prices has made it a household name in India.

52 Week Price Trend:

Bata India's current market price (CMP) of Rs 1372.15 represents a moderate decline within its 52-week range. While the stock has seen a high of Rs 1771.45, it has also reached a low of Rs 1380.85 during this period. This suggests that the stock has been experiencing some volatility but has largely maintained its value. Investors should consider this range when making investment decisions and monitor the stock's performance against these key levels.

Stratzy's MOST Analysis:

Stratzy's MOST framework has assigned BATAINDIA a BB- rating. The framework evaluates four key pillars: Management, Outlook, Safety, and Trend. BATAINDIA's BB- rating indicates a medium fundamental risk. This means that the company's management, financial outlook, financial safety, and trend analysis are exhibiting some areas of concern, such as potential weaknesses in risk management or uncertainties in the market. A more comprehensive analysis of each MOST pillar is necessary to understand the specific strengths and concerns that contribute to BATAINDIA's overall rating.

Company's Fundamentals:

Bata India (NSE: BATAINDIA) stands at a Stock PE (Price-to-Earnings) of 63.49, indicating that investors are currently willing to pay INR 63.49 for every INR 1 of the company's annual earnings. The PB Ratio (Price-to-Book) of 13.09 suggests that Bata India is trading at a premium to its book value, with investors perceiving its assets and prospects more favorably. Finally, the Dividend Yield of 0.95% implies that for every INR 100 invested in Bata India, investors can expect an annual dividend of INR 0.95. These metrics provide valuable insights into Bata India's financial health, valuation, and potential dividend returns for investors.

Fundamental and Technical information provided in this blog were last updated on 30 Oct, 2024

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