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The market capitalisation of all listed cos on BSE declined by Rs 56,290 crore to Rs 303.92 lakh crore. The market breadth was skewed in the favour of the bulls. About 1,836 stocks gained, 1,742 declined, and 162 remained unchanged on the BSE.
The talks are likely in advanced stage and final deal contours are in the works.
The stock is still far below its 52-week high of Rs 1,989, hit exactly a year ago on August 17, 2022. Around 15 lakh shares changed hands on the exchanges -- five times more than the company’s monthly traded average
HDFC Securities recommended reduce rating on Bata India with a target price of Rs 1500 in its research report dated August 11, 2023.
The two footwear companies -- Bata India and Adidas -- are in talks for a strategic partnership, reports claim