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Bata India nears record high; stock up 5%

The stock rallied 5% to Rs 817, trading close to its record high of Rs 833 touched on November 1, 2017 in intra-day trade

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Photo: Sanjay K Sharma

SI Reporter Mumbai
Shares of Bata India have rallied 5% to Rs 817, hitting seven month high on the BSE, on back of heavy volumes. The stock of footwear firm trading close to its record high of Rs 833 touched on November 1, 2017 in intra-day trade.

The trading volumes on the counter jumped more than three-fold with a combined 2.69 million shares changed hands on the NSE and BSE till 02:55 pm.

Driven by various initiatives, Bata India reported a healthy performance in FY18. Revenues grew 7% year on year (YoY) to Rs 26.29 billion (adjusting for the GST impact,