Bata India: Analysts expect Bata India to gain 5-6% more on Q4 show

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The stock closed at Rs 1,632.7, taking the last one month’s gains to 21 per cent.

Synopsis

Analysts are betting on another 5-6% upside in shares of footwear maker Bata India following a 4.8% jump in Thursday’s session on the back of better-than-estimated March quarter results.

Mumbai: Analysts are betting on another 5-6 per cent upside in shares of footwear maker Bata India following a 4.8 per cent jump in Thursday’s session on the back of better-than-estimated March quarter results.

The stock on Thursday surged the most since September 2020 owing to the earnings beat and as it is expected to be a beneficiary of a pick-up in sales momentum as lockdown-like curbs are lifted across states.

“Post results, the stock has

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