Bata India hits near 2-month high after quarterly profit surge
12/08/2026 05:04
BUZZ-Bata India hits near 2-month high after quarterly profit surge ** Shares of Bata India BATA.NS rise 4.3% to 730 rupees, their sharpest climb since June 18
** Stock on track to snap a 4-day losing streak, if trend holds
** The footwear maker's first-quarter profit surges 23% Y/Y, helped by strong demand for premium shoes and sneakers; rev up 4%
** Stock rated "hold" on avg by 16 analysts; median PT 745 rupees - data compiled by LSEG
** Stock down 25.8%, YTD
(Reporting by Aleef Jahan in Bengaluru)