Monday, February 24, 2025 | 10:01 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Bata India at record high, up 4% on institutional buying, revival hopes

Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter

bata store, shoes, footwear, sandals
Premium

Photo: Sanjay K Sharma

SI Reporter Mumbai
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.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in