Bata India has given 2994 percent return to its shareholders in the last 10 years. The stock quoted Rs 1281.85 on Friday's close, nearly 4 percent shy off its 52-week high of Rs 1,328.90.

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In the last one month, Bata India has surged 12 percent and the one-year return on the midcap consumer stock is at 77 percent.

The shoe-brand recently reported one of its best quarterly performances with revenue growth jumping 15.5 percent year-on-year at Rs 778.7 crore. It was the second consecutive quarter wherein Bata reported double-digit revenue growth after 10 quarters.

Brokerages are bullish on Bata India with ICICI Direct giving a 'hold' rating with a target price of Rs 1,300 in its research report dated February 13.

Geojit Financial Services in its research report on February 20 gave 'accumulate' rating with a target price of Rs 1,404.

Equity markets are closed on Monday on account of Mahashivratri. On Friday, the benchmark BSE Sensex closed up 0.54 percent at 36,063.81 and the broader Nifty 50 ended 0.67 percent higher at 10,863.50.

First Published:Mar 4, 2019 2:21 PM IST