|
25 Sep 2025 |
Bata
|
Consensus Share Price Target
|
1185.20 |
1091.06 |
- |
-7.94 |
sell
|
|
|
|
|
01 Jun 2023
|
Bata
|
Geojit BNP Paribas
|
1185.20
|
1826.00
|
1577.85
(-24.89%)
|
|
Buy
|
|
|
|
|
22 May 2023
|
Bata
|
Axis Direct
|
1185.20
|
1750.00
|
1531.00
(-22.59%)
|
Target met |
Buy
|
|
|
Recommendation With a 12% upside potential from the CMP, we maintain our BUY rating on the stock.
|
|
22 May 2023
|
Bata
|
Motilal Oswal
|
1185.20
|
1660.00
|
1531.00
(-22.59%)
|
Target met |
Neutral
|
|
|
|
|
22 May 2023
|
Bata
|
IDBI Capital
|
1185.20
|
1768.00
|
1531.00
(-22.59%)
|
Target met |
Buy
|
|
|
|
|
19 May 2023
|
Bata
|
ICICI Securities Limited
|
1185.20
|
1500.00
|
1525.55
(-22.31%)
|
Target met |
Hold
|
|
|
Revenue growth of 3.5% on 4-year CAGR basis appears weak vs peers. However, this needs to be seen in the context of rationalisation in COCO store footprint (net closure of ~100 COCO stores between March’20 and March’23). Overall retail expansion at ~6-7% 4Y CAGR is modest.
|
|
31 Mar 2023
|
Bata
|
Geojit BNP Paribas
|
1185.20
|
1620.00
|
1418.35
(-16.44%)
|
Target met |
Accumulate
|
|
|
|
|
16 Feb 2023
|
Bata
|
ICICI Direct
|
1185.20
|
1640.00
|
1450.05
(-18.26%)
|
Target met |
Hold
|
|
|
|
|
16 Feb 2023
|
Bata
|
Axis Direct
|
1185.20
|
1650.00
|
1450.05
(-18.26%)
|
Target met |
Buy
|
|
|
Recommendation With a 12% upside potential from the CMP, we maintain our BUY rating on the stock.
|
|
15 Feb 2023
|
Bata
|
Motilal Oswal
|
1185.20
|
1690.00
|
1475.50
(-19.67%)
|
Target met |
Neutral
|
|
|
|
|
15 Feb 2023
|
Bata
|
ICICI Securities Limited
|
1185.20
|
1500.00
|
1501.90
(-21.09%)
|
Target met |
Hold
|
|
|
Bata reported a revenue print of Rs9bn (+7% YoY; below our estimates). Revenue growth of 2.8% on 3-year CAGR basis also appears weak. However, this needs to be seen in the context of rationalisation in COCO store footprint (net closure of ~120 COCO stores between March’20 and March’22).
|