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Bata gains on the buzz of ICICI Securities selling its 0.97% stake to Bata BN BV

13 Nov 2013 Evaluate

Bata India is currently trading at Rs. 977.80, up by 25.95 points or 2.73 % from its previous closing of Rs. 951.85 on the BSE.

The scrip opened at Rs. 959.70 and has touched a high and low of Rs. 1003.40 and Rs. 959.70 respectively. So far 179956 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1003.40 on 13-Nov-2013 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. 956.75 and Rs. 888.05 respectively. The current market cap of the company is Rs. 6323.55 crore.

The promoters holding in the company stood at 52.01 % while Institutions and Non-Institutions held 30.10 % and 17.89 % respectively.

ICICI Brokerage Services has reportedly sold 6.20 lakh shares or 0.97% stake of Bata India to Bata BN BV. The shares were sold on an average price of Rs 888.35 valuing the transaction to Rs 55.69 crore.

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.

Peers
Company Name CMP
Bata india 625.60
Relaxo Footwears 290.85
Campus Activewear 210.65
Liberty Shoes 227.70
Superhouse 160.60
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