Bata India stock turns bearish as technical momentum weakens
Published on 11/03/2026 at 03:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTechnical signals and near-term watchpoints
- MarketsMojo said Bata India's technical trend shifted from mildly bearish to bearish on November 2.
- The weekly MACD and monthly RSI offered some support, but daily moving averages and monthly MACD remained weak.
- MarketsMojo maintained a Hold rating after upgrading the stock from Sell on October 28.
Bata India's technical picture weakened on Monday, November 2, as momentum shifted from mildly bearish to bearish, according to MarketsMojo. The analysis pointed to sustained downside pressure, although several indicators did not move in the same direction.
Bearish trend meets mixed signals
Daily moving averages showed the stock below key short- and medium-term levels, while the monthly MACD turned bearish. The weekly MACD remained mildly bullish and the monthly RSI was bullish, leaving the broader setup divided across time horizons.
MarketsMojo also said weekly and monthly KST readings were bearish. Weekly on-balance volume showed no clear trend, while monthly volume indicators leaned negative. The combination suggests that a durable recovery would require stronger confirmation from trend and volume measures.
Hold rating remains in place
MarketsMojo reported a score of 52.0 and a Hold rating, upgraded from Sell on October 28. The analysis said a sustained move above key moving averages and a bullish turn in the monthly MACD would be needed to confirm a reversal.
Business model and market position
Bata India creates and distributes footwear and accessories through manufacturing, trading, retail stores and wholesale channels in India and international markets. Its products cover footwear for women, men and children, along with clothing and accessories, and are sold under brands including Bata, Hush Puppies, Power, North Star and Bubblegummers. The company is headquartered in Gurugram, India, and operates in the branded footwear and accessories segment.
Indian equities remain the wider market backdrop for Bata India stock, with investors tracking the BSE Sensex.
Further updates and analysis on Bata India stock will remain relevant as investors assess whether the technical weakness broadens or stabilizes.
Bata India company profile
- Company: Bata India Limited
- ISIN: INE176A01028
- Ticker: BATAINDIA.NS
- Sector: Consumer Cyclical
- Industry: Apparel - Footwear & Accessories
- Headquarters: Gurugram, India
- Chief executive: Sanjay S. Rao
