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Bata India shines on chalking out Rs 100 crore capex plan

05 Jun 2013 Evaluate

Bata India is currently trading at Rs. 866.80, up by 2.65 points or 0.31% from its previous closing of Rs. 864.15 on the BSE.

The scrip opened at Rs. 867.60 and has touched a high and low of Rs. 878.60 and Rs. 855.00 respectively. So far 1,09,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 989.00 on 03-Oct-2012 and a 52 week low of Rs. 688.25 on 20-Mar-2013.

Last one week high and low of the scrip stood at Rs. 868.00 and Rs. 797.95 respectively. The current market cap of the company is Rs. 5,570.00 crore.

The promoters holding in the company stood at 52.01% while Institutions and Non-Institutions held 30.44% and 17.55% respectively.

Bata India has chalked out a Rs 100 crore capital expenditure (capex) plan, which will include up-gradation of three of factories in West Bengal, Bihar and Karnataka and setting up of about 100 new stores this year.

Last year, the company had opened 189 new stores in metro, tier-I and tier-II cities. However, shifting to the large store format, the company relocated or closed down about 60 small stores in 2012. At present, the company operates about 74 small stores, which needed to be either upgraded or closed.

Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company manufactures footwear for men, women and children. The company manufactures shoes of various quality such as leather, rubber, canvas and PVC shoes.

Bata india Share Price

756.50 -0.55 (-0.07%)
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