‘Buy’ Bata India - Says Centrum Broking<http://latestequityresearchreports.blogspot.com/2009/03/buy-bata-india-says-centrum-broking.html> http://latestequityresearchreports.blogspot.com/2009/03/buy-bata-india-says-centrum-broking.html Research: Centrum Broking Bata CMP: Rs 86 Target price: Rs 132
Centrum Broking has rated Bata India as a ‘buy’ with a price target of Rs 132, citing strong growth prospects and attractive valuations<http://www.blogger.com/post-create.g?blogID=7950274338194775518#>as the key trigger. "Consumption slowdown has not impacted Bata’s growth trajectory due to down-trading effect. The company’s continued focus on improving shoe designs, particularly for women and youth, together with stricter cost-control measures; improved product mix; modernisation and consolidation of manufacturing operations and transformation of the wholesale operation makes us sanguine on the company’s robust businessmodel<http://www.blogger.com/post-create.g?blogID=7950274338194775518#>," the Centrum note to clients said. "Superior performance during a period of dampening consumer demand has enhanced our confidence in the management’s capabilities and business model. The stock trades at an attractive P/E of 7.5 times CY09 (estimated) and 6.2 times CY10 (estimated)," the note added --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
