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Bata India shares hit new high in range-bound market; jump 68% in 6 months

During the financial year 2018-19, FIIs stake in Bata India increased by nearly 5 percentage points from 6.19 per cent.

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Photo: Sanjay K Sharma

SI Reporter Mumbai
Bata India shares hit a new high of Rs 1,444, up 2 per cent on the BSE in the intra-day trade on Tuesday, on expectation of strong financial performance during March quarter of financial year 2018-19 (Q4FY19). The S&P BSE Sensex was up 0.23 per cent at 38,732 levels at 12:58 pm.

In the past six months, the stock of footwear retailer has outpaced the market by surging 68 per cent, on the back of foreign investors buying.  In comparison, the S&P BSE Sensex has risen 15 per cent during the period. In the past one year, it has