Bata India rises on foraying in accessories categories like sunglasses and scarves

28 May 2013 Evaluate

Bata India is currently trading at Rs. 836.90, up by 8.55 points or 1.03% from its previous closing of Rs. 828.35 on the BSE.

The scrip opened at Rs. 834.00 and has touched a high and low of Rs. 842.00 and Rs. 831.35 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 989.00 on 03-Oct-2012 and a 52 week low of Rs. 688.25 on 20-Mar-2013.

Last one week high and low of the scrip stood at Rs. 831.10 and Rs. 788.00 respectively. The current market cap of the company is Rs. 5,378.00 crore.

The promoters holding in the company stood at 52.01% while Institutions and Non-Institutions held 30.44% and 17.55% respectively.

In a bid to focus on a wider product range, Bata is diversifying its business in accessories categories like sunglasses and scarves and is expecting to net 15-20% of revenues from this area in the next two-three years. These products will be introduced across Bata stores. Bata has over 1,350 stores, including 1,000 company-owned stores.

The company will price the products keeping in mind the middle and the upper-middle class population. The company will add about 100 stores this year, of which some have already come up. It is investing about Rs 100 crore this year for retail expansion and modernization of manufacturing lines. The company has also launched its new monsoon collection starting Rs 199 on May 27, 2013.

Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company manufactures footwear for men, women and children. The company manufactures shoes of various quality such as leather, rubber, canvas and PVC shoes.

Bata india Share Price

1303.65 21.75 (1.70%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Bata india 1303.65
Relaxo Footwears 635.65
Campus Activewear 261.30
Liberty Shoes 460.55
Khadim India 363.75
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