BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura downgrades Bata India to reduce
Target price reduced to Rs 425 from Rs 660 earlier. With the onset of increased competition especially in the e-commerce space and continued weakness in demand, we believe near-term earnings for Bata are at risk. Nomura's FY 16 earnings per share estimates for Bata India are 6 per cent below consensus.