Buy Amara Raja Batteries, target Rs 955: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Amara Raja Batteries Ltd. with a target price of Rs 955. The current market price of Amara Raja Batteries Ltd. is Rs 923.25. The time period given by analyst is Intra Day when Amara Raja Batteries Ltd. price can reach defined target. Manas Jaiswal recommended to keep stop loss at Rs 907.0 .

Amara Raja Batteries Ltd., incorporated in the year 1985, is a largecap company with a market cap of ₹ 15770.26 crore operating in Auto Ancillaries sector.

Amara Raja Batteries Ltd. key Products/Revenue Segments include Batteries (Storage) which contributed ₹ 5202.20 Cr to Sales Value (99.24 % of Total Sales), Sale of services which contributed ₹ 38.16 Cr to Sales Value (0.72 % of Total Sales) and Scrap which contributed ₹ 1.40 Cr to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1327.93 Cr., down -1.28% from last quarter Sales of ₹ 1345.12 Cr. and up 9.57% from last year same quarter Sales of ₹ 1211.92 Cr. Company has reported net profit after tax of ₹ 112.32 Cr. in latest quarter. The company’s CEO is Mr.Jayadev Galla. It's Board of Directors include Mr.M R Rajaram, Mr.B Jaikrishna, Mr.G Jagan Mohan, Mr.Kishore I Hirani, Mr.L Venkat Madhav, Mr.M Jagadish, Mr.M R Rajaram, Mr.Rajesh Jindal, Mr.S V Raghavendra, Mr.Santh Sathya, Mr.Srinivasa Rao Ganga, Dr.Ramachandra N Galla, Mr.Jayadev Galla, Mr.N Sri Vishnu Raju, Mr.Nagarjun Valluripalli, Mr.Raphael John Shemanski, Mr.T R Narayanaswamy, Mr.Trent Moore Nevill, Ms.Bhairavi Tushar Jani. Company has its registered office at Renigunta-Cuddapah Road,, Karakambadi, Tirupati, 517520, Andhra Pradesh. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2017, the company has a total of 170,812,500 shares outstanding.