Buy Bata India, says PN Vijay

Buy Bata India for long term, says PN Vijay, www.askpnvijay.com.

Vijay told CNBC-TV18, "Bata India is becoming almost Hindustan Lever or an ITC in the way it’s beating all market movements and riding along. There are several aspects to Bata. I think it’s only solid retail play apart from Titan that we have in the market that actually go and buy branded products from branded stores. That’s a huge positive for Bata and then there is always that real estate angle, which can give the punter a bit of a kicker."
He further added, "I was recommending this stock around Rs 550 only a few months ago. It run up a lot. It’s a stock which operators also play a lot. Volatility of that stock is quite high. But having said all that if you want to buy and forget one more FMCG stock, Bata India is surely one of them."