Sell Bata India, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Bata India is still a sell. Yesterday’s rally was a rally in an ongoing downtrend. Lower levels, maybe Rs 750 or maybe even lower are coming in next one-two days."
At 11:04 hrs Bata India was quoting at Rs 785.10, up Rs 9.15, or 1.18%. It has touched an intraday high of Rs 790.00 and an intraday low of Rs 774.85.
The share touched its 52-week high Rs 989 and 52-week low Rs 699 on 03 October, 2012 and 23 February, 2012, respectively. Currently, it is trading 20.62% below its 52-week high and 12.32% above its 52-week low. Market capitalisation stands at Rs 5,045.35 crore.
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