Bata India gains nearly 50% so far in CY2019; should you buy the stock?

On a standalone basis, net profit grew 28.2 per cent to Rs 71.37 crore.

Shares of Bata India, the leading footwear retailer, climbed as much as 5.45 per cent to Rs 1,775.65 apiece on the BSE after the company posted a 29.96 per cent increase in consolidated net profit at Rs 71.30 crore for the September quarter. It had posted a net profit of Rs 54.86 crore in the July-September quarter a year ago, Bata India said in a BSE filing.

At 09:56 am, the stock was trading nearly 2.50 per cent higher at Rs 1,724.75 apiece on the BSE against 0.10 per cent fall in the benchmark S&P BSE Sensex. 

On a standalone