Sell Amara Raja Batteries, target Rs 720: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Amara Raja Batteries with a target price of Rs 720.

The current market price of Amara Raja Batteries is Rs 745.80.

Time period given by analyst is intraday when Amara Raja Batteries price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 760.

Amara Raja Batteries, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 13,135.48 Crore) operating in Auto Ancillaries sector.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1,497.45 Crore, up 11.38 per cent from last quarter Sales of Rs 1,344.46 Crore and up 13.40 per cent from last year same quarter Sales of Rs 1,320.55 Crore.

Company has reported net profit after tax of Rs 99.85 Crore in latest quarter.

The company’s top management includes 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 Deloitte Haskins & Sells LLP as its auditors.

As on 31-03-2017, the company has a total of 170,812,500 shares outstanding.