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Last Updated : Aug 29, 2011 02:08 PM IST | Source: CNBC-TV18

Bata India can touch Rs 732: Siddhartha Chatterjee

Bata India can touch Rs 732, says Siddhartha Chatterjee of Trustline Securities.

 
 
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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.

First Published on Aug 29, 2011 02:02 pm
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