Amara Raja Batteries Ltd
AMARAJABAT

870.30

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

871.05

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

874.90

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 864.20
We recommend BUY on the stock on account of lower raw material costs and increase in demand for battery replacement. Also expansion plans of the company will be a key trigger for its future growth. We target stock to trade at a P/E of 24.76x in FY17E. (Target Price: Rs.970)
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50 DMA (.)
871.50
100 DMA (.)
894.90
200 DMA (.)
918.84
Weekly Range (.)
859.00
894.50
Monthly Range (.)
821.55
896.00
52 Weeks Range (.)
820.00
1,079.70
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