Amara Raja Energy soars on getting nod for incorporation of wholly owned subsidiary
Amara Raja Energy & Mobility is currently trading at Rs. 729.10, up by 32.30 points or 4.64% from its previous closing of Rs. 696.80 on the BSE.
The scrip opened at Rs. 706.00 and has touched a high and low of Rs. 747.80 and Rs. 699.50 respectively. So far 250202 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1017.20 on 12-Aug-2026 and a 52 week low of Rs. 671.45 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 747.80 and Rs. 681.45 respectively. The current market cap of the company is Rs. 13383.73 crore.
The promoters holding in the company stood at 32.86%, while Institutions and Non-Institutions held 32.17% and 34.97% respectively.
Amara Raja Energy & Mobility has received approval for the incorporation of a Wholly Owned Subsidiary (WOS) of the Company in India for providing automotive, battery and spares services under the brand name ‘Amaron Assist’ a technology-led services and solutions business, focused on automotive maintenance, battery services, vehicle care and mobility assistance. Post incorporation, the company will hold 100% equity in the proposed wholly owned subsidiary. The Board of Directors of the Company at their meeting held on November 02, 2026, have approved the same.
