Business Business:Today 26th November at 11:13 pm, Bata IndiaBata IndiaShares of ₹are trading at a price of ₹1364.05, which is 3.17% higher than the previous closing price. Sensex is trading at ₹80063.71, down -0.06%. The stock touched a high of ₹1375.4 and a low of ₹1322.5 during the day.
On the technical front, the stock is trading above 5,10,20 day SMA and below 50,100,300 day SMA. The stock will find support at 5,10,20 day SMA and face resistance at 50,100,300 day SMA. The SMA values for the stock are given below:
day simple moving average
5 1292.97
10 1312.39
20 1336.87
50 1386.30
100 1441.66
300 1418.23
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹1333.42, ₹1342.68, and ₹1355.37, while it has key support levels at ₹1311.47, ₹1298.78, and ₹1289.52.
bata india share price today
As of 11am today, the traded volume for Bata India on NSE and BSE was 174.36% higher than the previous trading session. Volume traded along with price is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint Technical Analysis, while the stock is displaying early signs of trend reversal after a significant downtrend, continued monitoring is advised.
From the viewpoint of fundamental analysis, the company's ROE is 17.71% and ROA is 7.93% respectively. The current P/E of the stock stands at 48.86 and P/B at 11.56. The average 1-year predicted upside for this stock is 2.71% with a target price of ₹1401.00.
Promoter holding in the company is 0.00%, MF holding is 14.16% and FII holding is 8.81%, as per September quarter filing.
MF holding has increased from 14.06% in June to 14.16% in the September quarter.
FII holding has increased from 7.63% in June to 8.81% in the September quarter.
Bata India share price is trading 3.17% higher at ₹1364.05 today, which is in line with its peers. Its competitors are also bullish. Overall, benchmark indices Nifty and Sensex declined by 0% and -0.06% respectively.
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