3 PSU bank stocks can see significant upside over 6-12 months: Chakri Lokapriya
“Bata and Relaxo have had some amount of inventory losses because of raw material pressures due to higher raw material prices that have since come down quite significantly. Demand is on the uptrend both for Relaxo as well as for Bata and the other footwear companies. Both Relaxo and Bata stocks have improved but the stock performance does not reflect that. I would hold on or buy at these levels.”
