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Ideas For Profit | Bata India: Is the footwear stock poised for a strong comeback?

Bata India posted better-than -expected March quarter results with revenues close to pre-COVID levels driven by significant ease of restrictions and opening up of offices post dip in COVID-19 cases. Bata’s stock is trading at 46x its FY23 projected earnings. It’s down 13 percent from the pre-COVID levels witnessed in February 2020. Karunya Rao tells us why investors should add the stock to the portfolio.

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