Bata India slumps on June-qtr profit fall
10/08/2023 05:57
** Shares of Bata India BATA.NS fall as much as 3.1% to
1,647.3 rupees, lowest since July 13
** The footwear maker said its June-qtr consolidated profit
fell 10.5% to 1.07 bln rupees ($12.9 mln), rev from ops up 1.6%
** More than 618,516 shares change hands by 10:18 a.m. IST
vs 2.3x 30-day avg of 270,547 shares
** Co on track for third consecutive session of decline, if
trend holds
** Analysts covering the stock on average have a "buy"
rating; median PT is 1,660 rupees - Refinitiv data
** Stock up 3.1% YTD, as of last close
($1 = 82.8350 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))