Bata India Ltd. Hits 52-Week Low, Underperforming Sector Amidst Bearish Market Sentiment

Apr 16 2024 09:35 AM IST
share
Share Via
Bata India Ltd., a leading consumer durables company, has been on a downward trend for the past two days, with a fall of -4.14% in returns. The stock hit a 52-week low on April 16, 2024, and is currently trading below its moving averages, indicating a bearish sentiment. Its 1-year performance is -4.59%.

Bata India Ltd., a leading consumer durables company, has recently hit a 52-week low on April 16, 2024. The stock has been underperforming the sector by -1.16% and has been on a downward trend for the past two days, with a fall of -4.14% in returns during this period. Today, the stock hit a low of Rs.1328, which is a significant decrease from its previous high.

The stock has been trading in a narrow range of Rs.12.3, indicating a lack of volatility in its price movement. Bata India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment in the market.

In comparison to the Sensex performance of 20.93%, Bata India has shown a negative 1-year performance of -4.59%. This could be attributed to various factors such as market conditions, company-specific news, and overall economic trends.

It is important to note that this information is based on factual data and does not include any external sources or expert opinions. As a midcap company in the consumer durables industry, Bata India's stock performance is closely watched by investors and analysts. However, it is always advisable to conduct thorough research and analysis before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News