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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains buy on Bata India
Bata India posted strong Q3 earnings as same store sales grew by around 11-12 per cent year-on-year off a favourable base. EBITDA margins at 12.9 per cent beat estimates due to lower operating costs. Religare maintains "buy" with revised price target of Rs 630 compared to Rs 680 earlier.