Rupak De, Senior Technical analyst at LKP Securities, said, "The short-term trend remains strong as the index sustains above critical moving averages on the daily timeframe. A "buy on dips" strategy is favored as long as it remains above 19,550. On the higher end, it might move towards 20,000-20,200."

India envisions a future where 30% of new vehicle sales will be electric by 2030. A substantial amount of battery storage is needed to facilitate this shift - a staggering 34 GW or 136 GWh to support the additional 450 GW of renewables.

A reflection of this can be seen in the performance of the S&P BSE Bharat 22 index, which has more than doubled in value in 3 years. In fact, the index hit a lifetime high of 6118.08 points on Friday.

The achievement of crossing the 100-Day SMA by Triveni Turbine, Sheela Foam, and other stocks on August 31 signifies their strong market performance and growth prospects.

Log9 Materials, India's first lithium-ion battery manufacturer, warned production at its facility in Bengaluru could take a hit from the late arrival of Chinese experts as the New Delhi government delayed the approval of visa applications.

Log9 Materials, an Indian lithium-ion battery manufacturer, has warned that its production in Bengaluru could be affected due to the delay in the arrival of Chinese experts caused by the Indian government's delay in approving visa applications. Log9 depends on Chinese engineers to set up machinery and upgrade existing ones at its facility, and a delay in visas could hamper its production.

Motilal Oswal recommended Neutral rating on Amara Raja with a target price of Rs 665 in its research report dated August 14, 2023.

The crossing of the 100-day SMA by Adani Green Energy, Amara Raja Batteries, Blue Star, The Ramco Cements, Nestle India, and Sapphire Foods India on August 18 underscores their robust market performance and growth potential.

Emkay Global Financial recommended hold rating on Amara Raja Batteries with a target price of Rs 590 in its research report dated August 15, 2023.

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 717 in its research report dated August 16, 2023.

The company, which owns the Amaron battery brand, aims to penetrate into two-wheeler EV market first with chargers and eventually through battery packs as it expands its so-called 'new energy' segment.

Amara Raja, which currently has customers only in the three-wheeler EV market, gets about 2.5% of its revenue from its lithium-ion battery business, while the rest of its total revenue of 103.85 billion rupees ($1.25 billion) in fiscal 2023 was from its flagship lead acid storage battery-making unit.