Bata India can touch Rs 732: Siddhartha Chatterjee

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.