Stock market analyst Ashwani Gujral has maintained 'buy' rating on Bata India Ltd stock with a target of Rs 420.
According to analyst, the stock can be purchased with a stop loss of Rs 350.
The stock of the company, on Nov 16, closed at Rs 365.25 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 378.45 and a low of Rs 176 on BSE.
Current EPS & P/E ratio stood at 13.43 and 27.70 respectively.
Bata India has recorded a surge of 57.57% in its net profit for the three month period ended September 30, 2010.