We are going to talk about the shares of Bata India. The stock of Bata India has proved to be a very strong return giving stock in the last 5 years. The stock stood at Rs 635.5 on BSE on August 11, 2017 while it closed at Rs 1901 on Friday. The stock has achieved a growth of over 199 percent during this period. This made the investors’ Rs 2 lakh almost Rs 6 crore.
how much was the peak of 52 weeks
The 52-week high of Bata India is at Rs 2262 and the low is Rs 1592.1. Its market capital is Rs 24,440.80 crore. Bata India has declared a dividend of 1090.00 per cent or Rs 54.5 per share on the face value of Rs 5 share for the financial year ended March 2022. With a market cap of Rs 25,440.80 Crore, Bata India Limited is a Large Cap Company providing service to the Consumer Discretionary Industry of the country. As a division of Bata Shoe Organisation, Bata India is the largest footwear retailer and manufacturer in India. As per Value Research, Bata India is a debt free company.
can further benefit
Experts believe that short-term traders can buy Bata India for the next 1-3 months. A possible target of Rs 2,262 for this. This stock can be bought now or on the downside. It went to a high of Rs 2261.65 on BSE on November 16, 2021, but according to experts, it will cross this level in the coming time.
how was the profit
Bata India reported a more than two-fold increase in its net profit to Rs 62.96 crore for the fourth quarter ended March 31, 2022. Its profits were helped by strong sales. Bata India had posted a net profit of Rs 29.47 crore in the January-March quarter a year ago. Its income during the quarter grew by 12.77 per cent to Rs 665.24 crore as against Rs 589.90 crore in the same quarter last year.
New Franchise Stores Opened
Bata has opened 22 new franchise stores, taking the total number to over 300. It has expanded its availability through distribution channels, continuing to over 1,000 cities.