Bata India can touch Rs 732, says Siddhartha Chatterjee of Trustline Securities.
Chatterjee told CNBC-TV18, "Bata India is one the stunning turnaround stories, which has happened by unlocking surplus land and retiring debts out of the funds so acquired and a huge dose of merchandising as opposed to production has reduced the labour force substantially. Thereby the operating costs have gone down and currently sharing a margin of close to 30% plus on topline.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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