Amara Raja Batteries gains on launching new brand `Amaron Hi Life Lubes`
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Amara Raja Batteries is currently trading at Rs. 660.50, up by 4.20 points or 0.64% from its previous closing of Rs. 656.30 on the BSE.
The scrip opened at Rs. 668.00 and has touched a high and low of Rs. 668.00 and Rs. 660.00 respectively. So far 27011 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 708.45 on 06-Jul-2023 and a 52 week low of Rs. 479.20 on 03-Oct-2022.
Last one week high and low of the scrip stood at Rs. 673.65 and Rs. 623.80 respectively. The current market cap of the company is Rs. 11299.25 crore.
The promoters holding in the company stood at 28.06%, while Institutions and Non-Institutions held 45.69% and 26.25% respectively.
Amara Raja Batteries has launched new brand ‘Amaron Hi Life Lubes’. The company has launched new brand on September 10, 2023. This new brand will cater to domestic market. The brand will offer lubricants, oils, greases and other allied automotive products/solutions for both automotive and industrial applications.
Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three year warranty in industrial and automotive applications.
