While the overall impact of GST rate rationalisation on footwear is positive, the same may not be true for the apparel industry
At close, the Sensex was down 368.49 points or 0.46 percent at 80,235.59, and the Nifty was down 97.65 points or 0.40 percent at 24,487.40. About 1994 shares advanced, 1889 shares declined, and 157 shares unchanged.
Bata India share price: The company reported a steep 70 percent drop in consolidated net profit to Rs 52 crore for the June quarter, weighed down by higher expenses and weak consumer sentiment
The company had posted a consolidated net profit of Rs 174 crore in the corresponding quarter last fiscal, Bata India said in a regulatory filing.
Metro Brands will continue to expand network and focus on rolling out premium products
Stocks to Watch, 17 June: Stocks like NTPC, Godrej Properties, Axiscades Technologies, Zee Entertainment Enterprises, Tanla Platforms, ICICI Bank, IndiaMART InterMESH, Tata Consultancy Services, HCL Technologies, Mastek, Biocon, Vishal Mega Mart, Jainik Power Cables, Hindustan Zinc, and Shankara Building Products will be in focus on June 17.
Motilal Oswal recommended Neutral rating on Bata India with a target price of Rs 1200 in its research report dated Jun 02, 2025.
Stocks to watch, 29 May: Stocks like Bharat Rasayan, HeidelbergCement India, Birlasoft,Som Distilleries and Breweries, Natco Pharma, Deepak Nitrite, RITES, Aurobindo Pharma, IndusInd Bank, Steel Authority of India, Avanti Feeds, Insecticides India, Balaji Amines, Cummins India, ITC, ADF Foods, Mishra Dhatu Nigam, and Unified Data Tech Solutions will be in focus on May 29.
While MBL has resumed double-digit earnings growth, the current valuations are expensive
Motilal Oswal recommended Neutral rating on Bata India with a target price of Rs 1240 in its research report dated November 10, 2024.
The upcoming wedding and festive seasons as well as a low base in the corresponding period last year should aid performance
The Nifty 50 may see further selling pressure in the upcoming session, given the negative sentiment. Below are some trading ideas for the near term.
Immediate support for the Nifty 50 is seen at 25,700, with a crucial level at 25,500, while resistance is expected around the 25,900-26,000 range. Here’s a look at the ‘buy on dip’ opportunities and stocks to avoid, according to market experts.
Metro Brands Limited is expected to significantly strengthen its presence in the S&A (sports and athleisure) category, with tie-ups/acquisitions. This will provide the next leg of growth.
Geojit Financial Services recommended accumulate rating on Bata India with a target price of Rs 1689 in its research report dated August 21, 2024.
Bata India further said Somani's resignation will be effective from September 5, 2024, with his last working day set for September 4, 2024.
Sharekhan recommended hold rating on Bata India with a target price of Rs 1560 in its research report dated August 08, 2024.
The Nifty is likely to maintain an upward rally towards 24,900-25,000, with immediate support at 24,600-24,500 levels. Here are some trading ideas for the near term.