Bata India firms up ahead of AGM today

Shares of Bata India were up nearly 6% at Rs 857 ahead of its Annual General Meeting to be held later today.

Further, a 'buy' call by a local brokerage has also boosted sentiment in the stock.

The board will consider and adopt the balance sheet, profit and loss account for the year ended March 31, 2013 and also propose a dividend.

Motilal Oswal has a 'buy' rating on the stock with a target price of Rs 975 on expectations of strong earnings and growth visibility.

Over 750,000 shares were traded on both the stock exchanges so far.