The net profit was also significantly down from the April-June quarter when the company had reported Rs 106.89 crore profit. Revenue from operations was also down to Rs 819.11 crore during July-September from Rs 829.76 crore in the same quarter last year. This denotes a 1.3% fall.
Despite weak market conditions, Bata India maintained its strong momentum throughout the day. In the short-term period, the stock has seen strong price volume reversal formation. The texture of the pattern suggests positive sentiment is likely to continue in the near future.
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