Bata Share Price Forecast

Bata Share Price Forecast

Hello friends and welcome to all of you once again on Finance Sikho. Today I am going to analyze the Bata India Limited stock for Swing or Positional Trade. Bata India Limited is a good stock for buy position in short term as well as long term

If want to trade or invest in some good stocks you need to firstly analyze the stock previous performance and history of that stock. Without any analysis there are many chances you may trade or invest in poor stock and you may suffer huge loss.

So, today I am going to provide you the relevant information about the Bata India Stock Analysis with past performance and sufficient data which will help you to taking decision before trading or investing in this stock.

Bata India Share Price : 

About Bata India Limited:

Bata India Ltd., incorporated in the year 1931, Bata India Ltd is a Large Cap company operating in Leather sector. Bata India Ltd. key Products/Revenue Segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2020. 

Overview:

1) Consumer Discretionary: Footwear 

2) Large Cap

3) Risk: Low Risk (Volatility 1.53x)

4) 52 Weeks: High- 1696.95, Low- 1213.80 & Current Price-1571

 

Fundamental Analysis:

The quarterly revenue of Mar 2021 is decreased from Rs. 628.84 crores to Rs. 604.29 crores and the net profit of Mar 2021 is increased from 26.42 crores to 29.47 crores as compare to Dec 2020 quarter. decrease in revenue but increase in profit.

Deliveries: Last trading day stock delivery percentage 26.59 %

Overview:

1) P/E Ratio: -226.08

2) EPS- TTM : -6.95

3) PB Ratio: 10.67

4) Returns: 1 week -1.14%, 1 month 0.84%, 3 month 12.92% and 1 year 21.99% 

5) Shareholding Pattern:

• Promoters 52.96   Pledge 0
  
• FII: 5.33
• DII: 11.75 Mutual Fund: 14.26
• Others: 15.71
  

 

Technical Analysis:

Moving average: Bata India Limited stock currently trading at Rs. 1571 which is above of 50, 100 & 200 days moving average

Moving average crossover: 

Short term: 5 & 20 DMA crossover-bearish

Medium term: 20 & 50 DMA crossover- bullish

Long term: 50 & 200 DMA crossover- bullish

 

Indicators:

RSI (14): RSI is bearish i.e.44.37

MACD (12,26,9): MACD is bullish

Stochastic (20,3): Oversold

Entry Point: Good time to consider for short term as well as long term because stock is not in overbought zone.

Short term target: The short term (7 days to one month) target for Bata India Limited share:

Target 1: Rs.1750

Target 2: Rs. 1850 ( for 3 to 6 months)

Stop loss:

Stop Loss 1: Rs.1470

Bata India Limited (Chart 1week)

About The Post 

Through this article, I shared with you some information about Bata India Limited. If you like this article then share with your friends so that they can plan trading or long term investment from today. Apart from this if you have any problem or suggestion or feedback, then email me. I will try to help you. 

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Stock Analysis by Ibrahim Ansari