Tuesday, March 16, 2010

BATA INDIA : HIGH PRICE


Dear Mahesh ji

Can you please tell us your view on Bata India- ask by shri sanjay ji
1. bata India is a 10 rupees face value share of footwear industries.
2. 255.80 is 52 week high of this share and 85.90 is 52 week low so current price is near about 52 week high.

3. dear readers to day I tell you a main point about see “intra day chart” look this share intra day chart on this blog . what you note ? you noted that when share touch day high of 248 than volume is very high. It means big player get out from this share at every high price. SO WE EXPECTED A SHORT TERM DOWN FALL . but in long term share is not bad . because when a share have low public holding and continue pay dividend than it is good for long term but entry price for long term is near about 120-170 is genuine. In currant price time to book part profit or wait.
4. FY 08-09 EPS of this share is 10.46 so current P/E is more than 22. so we think current price of this share is high.
5. promoter holding is 51.02 and FII holding 10.33 percent is normal.
6. this is a dividend paying company.

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