ThinkStock PhotosIIFL has buy call on Amara Raja Batteries with a target price of Rs 665. The current market price of Amara Raja Batteries is Rs 636.9.
Amara Raja Batteries Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 10885.03 Crore) operating in Auto Ancillaries sector.
Amara Raja Batteries Ltd. key Products/Revenue Segments include Batteries (Storage), UPS/Uninterruptible Power Supply Systems, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2022.
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2724.44 Crore, up 3.30 % from last quarter Total Income of Rs 2637.52 Crore and up 18.94 % from last year same quarter Total Income of Rs 2290.59 Crore. Company reported net profit after tax of Rs 201.22 Crore in latest quarter.
Investment Rationale
The stock has given a rounding bottom breakout.
Promoter/FII Holdings
Promoters held 28.06 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.34 per cent, DIIs 2.3 per cent.
Amara Raja Batteries Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 10885.03 Crore) operating in Auto Ancillaries sector.
Amara Raja Batteries Ltd. key Products/Revenue Segments include Batteries (Storage), UPS/Uninterruptible Power Supply Systems, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2724.44 Crore, up 3.30 % from last quarter Total Income of Rs 2637.52 Crore and up 18.94 % from last year same quarter Total Income of Rs 2290.59 Crore. Company reported net profit after tax of Rs 201.22 Crore in latest quarter.
Investment Rationale
The stock has given a rounding bottom breakout.
Promoter/FII Holdings
Promoters held 28.06 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.34 per cent, DIIs 2.3 per cent.
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