BATA

Flash News Investment - - PERFORMANCE OF DIWALI 2017 -

{ {FV: ₹5 {Ticker : 500043 52-Week H/L: ₹1116/656.8 We had rec­om­mended the stock of Bata in the vol­ume no 34, is­sue no 50 (dated 01 Oct., 2018) when the scrip was trad­ing at Rs. 979.90. Our rec­om­men­da­tion was based on com­pany’s plan to ex­pand its store in Tier-II and Tier-III cities. The com­pany is not just ex­pand­ing its pres­ence in off­line mar­ket, it is also fo­cus­ing to ex­pand its pres­ence in on­line mar­ket while adopt­ing as­set light fran­chise model. Fur­ther, the com­pany’s ef­fort to­wards pre­mi­u­mi­sa­tion of its prod­uct port­fo­lio is help­ing it to record bet­ter re­al­i­sa­tions. Be­sides, it is also di­ver­si­fy­ing it­self to var­i­ous seg­ment such as youth, woman and kids which would help Bata to drive its rev­enue in com­ing years. Ow­ing to prod­uct pre­mi­u­mi­sa­tion and adop­tion of as­set light model, we urge our in­vestors to HOLD onto this stock.

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