INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Amara Raja Batteries Ltd
with a target price of Rs 930
The current market price of Amara Raja Batteries Ltd
is Rs 892.5 Time period given by the analyst is Intra Day when Amara Raja Batteries Ltd
price can reach defined target
Kunal Bothra recommended to keep stoploss at Rs 870
Amara Raja Batteries Ltd., incorporated in 1985, is a midcap company with a market cap of Rs 15245.02 crore.
Amara Raja Batteries Ltd
key Products/Revenue Segments include Batteries (Storage) which contributed Rs 5891.66 Crore to Sales Value (98.49 % of Total Sales), Sale
of services which contributed Rs 45.88 Crore to Sales Value (0.76 % of Total Sales), UPS/Uninterruptible Power Supply Systems which
contributed Rs 28.95 Crore to Sales Value (0.48 % of Total Sales), Export Incentives which contributed Rs 13.49 Crore to Sales Value (0.22 %
of Total Sales) and Scrap which contributed Rs 1.41 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1778.67 Crore, up 12.52 % from last quarter Sales of Rs
1580.74 Crore and up 18.78 % from last year same quarter Sales of Rs 1497.45 Crore Company has reported net profit after tax of Rs 113.03
Mr.Nagarjun Valluripalli, Mr.T R Narayanaswamy, Ms.Bhairavi Tushar Jani
Company has Deloitte Haskins Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 170,812,500 shares outstanding.
