New Delhi, Dec. 2 -- The sell-off in footwear maker Bata India has intensified, with shares continuing to grind lower and slipping to multi-year lows as investor sentiment remains weak amid the company's growth challenges, which continue to weigh heavily on its performance.

In today's session, December 02, the stock fell over 1% to hit a low of Rs.963.30, its weakest level since November 2018. The counter has been on a steady decline since August 2024, ending 13 out of the past 16 months in the red and losing a cumulative 40%, marking one of its most prolonged slumps.

The stock has been under persistent selling pressure since hitting a record high of Rs.2,262 in November 2021 and has since erased 58% of its value. It is also set to log ...