Bata India rose 6.03% to Rs 893 at 11:03 IST on BSE after net profit rose 36.6% to Rs 82.55 crore on 8.3% increase in net sales to Rs 797.28 crore in Q1 June 2018 over Q1 June 2017.
The result was announced after market hours on Friday, 20 July 2018.Meanwhile, the S&P BSE Sensex was up 67.22 points, or 0.18% to 36,563.59.
On the BSE, 1.61 lakh shares were traded in the counter so far compared with average daily volumes of 73,000 shares in the past two weeks. The stock had hit a high of Rs 894.80 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 856 so far during the day. The stock hit a 52-week low of Rs 566.55 on 28 July 2017.
Bata India is the largest footwear retailer in India, offering footwear, accessories and bags across brands like Bata, Hush Puppies, Naturalizer, Power, Marie Claire, Weinbrenner, North Star, Scholl, Bata Comfit and Bubblegummers to name a few.
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