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    Stock Radar: Nearly 20% fall from highs! Bata India showing signs of a rebound

    Synopsis

    Bata India has experienced a 20% decline from its recent high in August 2023. However, experts are now seeing signs of improvement in the stock. Short-term traders are advised to consider buying the stock with a target price of Rs 1,520 over the next 3-4 weeks.

    Bata India Ltd, part of the footwear industry, has fallen by about 20% from its recent August 2023 highs but the stock is now showing signs of improvement. Short-term traders can look to buy the stock for a target of Rs 1520 in the next 3-4 weeks, suggest experts.The footwear stock hit a 52-week high of Rs 1,770 on 7th August 2023 but it failed to hold on to the momentum. The stock witnessed a gradual decline which pushed the stock below crucial
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    The Economic Times