Share Market: Profit of India’s oldest shoe manufacturing company decreased by 37.77 percent, this action was seen in the shares.

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Bata India Q2 Results: Bata India Ltd. is one of the oldest shoe manufacturing companies in the country. has declared the results of the September quarter of its current financial year. The company’s profit has declined by 37.77 percent to Rs 34 crore in the second quarter ended in September. Due to this, the company had earned a net profit of Rs 54.62 crore in the same quarter of the last financial year. In the information sent to the stock exchanges, the company said that its operating income during the quarter declined by 1.28 percent to Rs 819.11 crore, which was Rs 829.75 crore in the same quarter of the previous financial year. During the period under review, the total expenses of the company declined by 5.31 percent to Rs 747.61 crore. The history of Bata India Limited began in India in 1931, when Tomas Bata opened his first shop in Kolkata. After that, Bata increased the production and market presentation of footwear products in India and today it is a leading manufacturing brand in the Indian market. Bata India produces footwear products in various categories, such as shoes, sandals, slippers, and other footwear apparels. It markets its products through a wide distribution network and sells its products through various retail outlets in various towns and cities across India. Bata India is a trusted and reliable brand and the quality of its products is reliable.

Share action seen due to company’s results

After Bata released its last quarter results, positive action was seen in its shares in the stock market. In the morning the share opened on the market at Rs 1561.70. At the time of trading, the company’s shares reached Rs 1597.85 by 9.45 pm. However, even after the Indian market fell amid weak signals from the global market, Bata shares continued to rise. At 12.13 pm, it was trading at Rs 1570.55 with a rise of 0.87 percent i.e. Rs 13.60. The shares of the company have reached the maximum level of Rs 1828.50 in the last 52 weeks. Market experts believe that the company’s shares may continue to rise further.

Indian stock market slowed down

On the fourth trading day of the week, the Indian market got off to a sluggish start today amid weak signals from the global market. There was a decline in early trade in domestic stock markets amid continuous withdrawal of foreign funds and mixed trend in global markets. The 30-share Sensex of BSE fell 102.13 points to 64,873.48. Nifty slipped 34.35 points to 19,409.15. Among Sensex companies, shares of Tech Mahindra, Reliance Industries, Hindustan Unilever, HDFC Bank, Infosys and JSW Steel declined. Shares of Mahindra & Mahindra, ICICI Bank, Maruti, Wipro, Larsen & Toubro and Tata Motors were among the gainers. In other Asian markets, South Korea’s Kospi, Japan’s Nikkei and China’s Shanghai Composite were in profit, while Hong Kong’s Hang Seng was in loss. US markets closed with mixed sentiment on Wednesday. Global oil standard Brent crude was trading at $ 79.72 per barrel with a gain of 0.23 percent. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 84.55 crore on Wednesday.

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