The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
Union Minister Piyush Goyal on Friday said India's footwear sector has immense potential, and it can increase production and exports 10 times in the near future.
Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels
Among individual stocks, Liberty Shoes has witnessed a 'Golden Cross' on the daily chart, and can potentially rally up to 15 per cent.
Footwear manufacturer trails peers on 3-year growth parameter
CLOSING BELL: Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent
From the Air India mascot to bicycles and Aadhaar, from stationery to automobile and cosmetics, some brands have come to define the segments they represent. Here's a look at 15 such brands
Stocks to watch today: LIC, ONGC, HAL will report their June quarter results (Q1FY23) on Friday, August 12; NMDC hikes prices of lump iron ore by Rs 200 a tonne and fines by Rs 100 a tone.
Bata India on Thursday reported a 71.82 per cent rise in consolidated net profit at Rs 119.37 crore for the first quarter of FY23 as the shoemaker achieved the "highest ever quarterly sales". The company had posted a net profit of Rs 69.47 crore in the April-June quarter a year ago, Bata India Ltd said in a BSE filing. Its revenue from operations during the quarter under review was at Rs 943.01 crore, up over three-fold from Rs 267.04 crore in the pandemic-hit corresponding quarter of FY22. "A direct outcome of the continued focus on key thrust areas of franchise & MBO expansion, consumer relevant communication, portfolio casualisation and digital footprint expansion was reflected in the quarterly sales reaching a lifetime high," Bata India said its earnings statement. This was supported by a continuous increase in portfolio and marketing investments. Moreover, footfalls across retail outlets saw a significant growth besides sales through digital channels, it added. Bata India's .
CLOSING BELL: Easing CPI figures reduced the probability of a 75-bps rate hike in the upcoming US FOMC meeting
The company has been underperforming peers on the growth front over the FY19-22 period
On June 1, 2022, BATA (BN) B V, the promoter of Bata India, divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions.
The shares were picked by a clutch of domestic mutual funds, foreign investors and an insurance company
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
At 09:15 am; about 3.6 million equity shares representing 2.8 per cent of the total equity of Bata India had changed hands on the BSE, the exchange data showed.
Shoemaker Bata India Ltd on Wednesday reported over two-fold increase in its consolidated net profit at Rs 62.96 crore for the fourth quarter ended March 31, 2022.
Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).
The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the offer for sale route on Tuesday at a price band of Rs 278-292 per share
Stock market LIVE: Sectorally, Nifty Auto index was the top performer now, up 1.5 per cent, followed by Nifty Private Bank, and IT indices. PSU index was the sole loser, down 0.8 per cent.
3i Infotech, ACC, Aurobindo, Berger Paints, DCB Bank, GMR Infra, Indiabulls Housing, NDTV, Nykaa, Petronet, PowerGrid Corp, SAIL and Tata Power to report earnings today.