Amara Raja Batteries Ltd continues to edge higher

3 Feb 2022 , 01:00 PM

Amara Raja Batteries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 639.15, up 0.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 17681.1. The Sensex is at 59252.66, down 0.51%. Amara Raja Batteries Ltd has risen around 0.42% in last one month.

Meanwhile, Nifty Auto index of which Amara Raja Batteries Ltd is a constituent, has risen around 5.89% in last one month and is currently quoting at 11632.4, up 1.4% on the day. The volume in the stock stood at 3.49 lakh shares today, compared to the daily average of 9.75 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 640.35, down 0.02% on the day. Amara Raja Batteries Ltd is down 33.47% in last one year as compared to a 18.7% spurt in NIFTY and a 8.54% spurt in the Nifty Auto index.

The PE of the stock is 16.75 based on TTM earnings ending September 21.

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