Bata India jumped 4.20% to Rs 991.85 at 10:41 IST on BSE after parent company Bata BN BV bought shares from open market on Tuesday, 12 November 2013.
Meanwhile, the BSE Sensex was up 43.82 points, or 0.22%, to 20,325.73.
On BSE, 1.01 lakh shares were traded in the counter compared with average volume of 31,408 shares in the past one quarter.
The stock hit a high of Rs 994.60 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 959.70 so far during the day. The stock hit a 52-week low of Rs 688.25 on 20 March 2013.
The stock had outperformed the market over the past one month till 12 November 2013, rising 10.37% compared with the Sensex's 1.20% fall. The scrip had, however, underperformed the market in past one quarter, gaining 5.63% as against Sensex's 7.05% rise.
The mid-cap company has an equity capital of Rs 64.26 crore. Face value per share is Rs 10.
On Tuesday, 12 November 2013, Bata BN BV bought 6.08 lakh shares of Bata India at Rs 888.05, while ICICI Brokerage Services sold 6.27 lakh shares at Rs 888.35 on the BSE.
As on 30 September 2013, Bata BN BV held 3.34 crore shares, or 52.01% stake, in Bata India.
Bata India's net profit rose 17.3% to Rs 37.59 crore on 14.3% growth in net sales to Rs 484.16 crore in Q3 September 2013 over Q3 September 2012.
Bata India is the largest footwear retailer in India, enjoying a large market share in the organized sector.
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