Rahul Sharma of Equity99 has a sell call on Bata India with a target price of Rs 975.The current market price of Bata India is Rs 998.75.Time period given by the analyst is 'Intra Day' when Bata India price can reach the defined target.
Rahul Sharma recommended keeping a stop loss at Rs 1,018."The stock has formed an evening star pattern on daily chart which is negative sign for short term.
We recommend selling around 1,000-1,003 with the stop loss of 1,018 for the target of 975," Sharma said.
Bata India, incorporated in the year 1931, is a Mid Cap company (having a market cap of Rs 12,798.77 Crore) operating in Leather sector.