An investment manager of a FII is optimistic about Bata India. The company has reported a net profit of Rs. 180.78 crore on a total income of Rs. 1110 crore for the first three quarters of the current fiscal against a net profit of Rs. 60.96 crore on a total income of Rs. 901.00 crore for the corresponding period last year. The scrip is worth accumulating at every decline for medium- to long-term rewards, opines the FII official who does not rule out the possibility of a bonus issue in the near feature.
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