Amara Raja Batteries Ltd extends winning spree

Amara Raja Batteries Ltd is quoting at Rs 739.75, up 0.65% on the day as on 12:49 IST on the NSE. The stock is up 11.74% in last one year as compared to a 2.29% gain in NIFTY and a 2.54% gain in the Nifty Auto.

Oct 22, 2020 01:10 IST capital market

Amara Raja Batteries Ltd rose for a fifth straight session today. The stock is quoting at Rs 739.75, up 0.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.57% on the day, quoting at 11869.4. The Sensex is at 40473.89, down 0.57%. Amara Raja Batteries Ltd has added around 1.81% in last one month.

Meanwhile, Nifty Auto index of which Amara Raja Batteries Ltd is a constituent, has added around 1.84% in last one month and is currently quoting at 7878.05, down 0.58% on the day. The volume in the stock stood at 8.53 lakh shares today, compared to the daily average of 7.17 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 742.85, up 0.88% on the day. Amara Raja Batteries Ltd is up 11.74% in last one year as compared to a 2.29% gain in NIFTY and a 2.54% gain in the Nifty Auto index.

The PE of the stock is 21.51 based on TTM earnings ending June 20.

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