Buy Amara Raja Batteries, price target Rs 770: CK Narayan

CK Narayan of Chart Advise has a buy call on Amara Raja Batteries Ltd. with a target price of Rs 770.0 . The current price of Amara Raja Batteries Ltd. is Rs 749.85 . CK Narayan recommended to keep a stop loss at Rs 746.

Amara Raja Batteries Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 12808.38 Crore) operating in Auto Ancillaries sector.

Amara Raja Batteries Ltd. key Products/Revenue Segments include Batteries (Storage) which contributed Rs 6633.40 Crore to Sales Value (97.64 % of Total Sales), UPS/Uninterruptible Power Supply Systems which contributed Rs 75.66 Crore to Sales Value (1.11 % of Total Sales), Sale of services which contributed Rs 60.44 Crore to Sales Value (0.88 % of Total Sales), Export Incentives which contributed Rs 22.40 Crore to Sales Value (0.32 % of Total Sales) and Scrap which contributed Rs 1.21 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1695.31 Crore, down -6.59 % from last quarter Sales of Rs 1814.95 Crore and down -3.29 % from last year same quarter Sales of Rs 1753.05 Crore Company has reported net profit after tax of Rs 218.61 Crore in latest quarter.