Shares of Bata India hit a record high of Rs 2,202.10, up 4 per cent on the BSE in intra-day trade on Wednesday in an otherwise range-bound market on hopes of revival in revenue growth trajectory as and when the impact of the pandemic gets phased out.
Meanwhile, institutional investors led by domestic mutual funds (MFs) and foreign portfolio investors (FPIs) increased their stake in footwear company during July-September quarter (Q2FY22). In past one month, the stock has outperformed the market by surging 25 per cent, as compared to 5.5 per cent rise in the S&P BSE Sensex.
Meanwhile, institutional investors led by domestic mutual funds (MFs) and foreign portfolio investors (FPIs) increased their stake in footwear company during July-September quarter (Q2FY22). In past one month, the stock has outperformed the market by surging 25 per cent, as compared to 5.5 per cent rise in the S&P BSE Sensex.