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Hold Amara Raja Batteries Ltd For Target Rs.590 -Emkay Global Financial Services Ltd AMRJ’s Q1 revenue beat expectations, while margins missed estimates (down by 110bps QoQ to 12.8%; Emkay: 14.4%), on adverse mix and higher insurance spends. We build-in ~10%/~12% revenue/EBITDA CAGR over FY23-25E, factoring-in sustained recovery in the base lead-acid business (amid uptick in replacement demand and stability in RM prices). We introduce FY26 estimates and reduce FY24E EPS by 4.4%, to reflect the Q1 margin miss, keeping FY25E EPS unchanged. Importantly, with SOP for phase-...
Hold Amara Raja Batteries Ltd For Target Rs.590 -Emkay Global Financial Services Ltd
Hold Amara Raja Batteries Ltd For Target Rs.590 -Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
18/08/2023 12:58:26 PM
India`s Amara Raja Batteries to expand into two-wheeler market to power growth India's Amara Raja Batteries plans to expand into the two-wheeler electric vehicle (EV) market, first through chargers and then batteries, as part of an expansion to triple its lithium-ion business this financial year, a top executive said. Amara Raja, which currently has customers only in the three-wheeler EV market, gets about 2.5% of its revenue from its lithium-ion battery business, while the rest of its total revenue of 103.85 billion rupees ($1.25 billion) in fiscal 2023 was from...
India`s Amara Raja Batteries to expand into two-wheeler market to power growth
India`s Amara Raja Batteries to expand into two-wheeler market to power growth
Source: Reuters
16/08/2023 5:21:04 PM
Small Cap : Buy Amara Raja Batteries Ltd For Target Rs.690 - Geojit Financial Services Strong performance across segment Amara Raja Batteries Ltd. (ARBL) is India’s second largest Lead-acid battery manufacturer. Its segments comprise 70% automotive & the remaining industrial, with market dominance in the telecom segment. • We expect growth in the auto sector, superior product mix and higher RM pass through to OEMs will support the margin expansion. • Investment for technological up-gradation in the lithium ion project for 2W/3W batteries is progress...
Small Cap : Buy Amara Raja Batteries Ltd For Target Rs.690 - Geojit Financial Services
Small Cap : Buy Amara Raja Batteries Ltd For Target Rs.690 - Geojit Financial Services
Source: Geojit Financial Services Ltd
22/06/2023 3:12:50 PM
Neutral Amara Raja Batteries Ltd For Target Rs.690 - Motilal Oswal Financial Services Ltd * Weak revenue growth dragged down AMRJ’s overall performance in 4QFY23. Its New Energy business has started contributing, albeit marginally. It has finalized investments for the li-ion cell manufacturing plant, with the first phase of 2GWH expected to commence in FY25, though it is yet to decide on a technology partner for this foray. * We raise FY24E/FY25E EPS by 9%/12% to factor in the benefit from falling RM costs (margin gains). We maintain our Neutral rating with a TP of INR690...
Neutral Amara Raja Batteries Ltd For Target Rs.690 - Motilal Oswal Financial Services Ltd
Neutral Amara Raja Batteries Ltd For Target Rs.690 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
27/05/2023 3:14:29 PM
Amara Raja begins work on Li-ion Giga plant in Telangana Amara Raja Batteries Limited, one of India's leading industrial and automotive battery majors, on Saturday commenced work on lithium ion battery manufacturing Giga plant in Telangana with planned investment of Rs 9,500 crore over next 10 years. Minister for industries and commerce K.T. Rama Rao laid the foundation stone for Telangana's first Giga factory at Divitipally in Mahabubnagar district along with Dr. Ramachandra N. Galla, founder, Amara Raja Group, and Jayadev Galla, Chairm...
Amara Raja begins work on Li-ion Giga plant in Telangana
Amara Raja begins work on Li-ion Giga plant in Telangana
Source: IANS
6/05/2023 3:58:07 PM
Buy Amara Raja Batteries Ltd For Target Rs.819 - Anand Rathi Shares and Stock Brokers Improving realisations, margin betterment; maintaining a Buy For Amara Raja, volumes improved across automotive and industrial business on a y/y basis. The aftermarket segment grew, while the OEM segment was weak. Growth in telecoms and UPS aided growth in the industrials segment. Supplies to EV 3W applications have commenced and augurs well for long-term growth. Multi-gigawatt capacity is on track and would be ready in the next 16-18 months. We maintain a Buy at a revised TP of Rs819 (14x...
Buy Amara Raja Batteries Ltd For Target Rs.819 - Anand Rathi Shares and Stock Brokers
Buy Amara Raja Batteries Ltd For Target Rs.819 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
23/02/2023 12:36:44 PM
Buy Amara Raja Batteries Ltd For Target Rs 550 - Anand Rathi Shares and Stock Brokers Improving realisations, margin betterment; maintaining a Buy For Amara Raja, volumes improved across automotive and industrial business on a y/y basis. The aftermarket segment grew, while the OEM segment was weak. Growth in telecoms and UPS aided growth in the industrials segment. Supplies to EV 3W applications have commenced and augurs well for long-term growth. Multi-gigawatt capacity is on track and would be ready in the next 16-18 months. We maintain a Buy at a revised TP of Rs819 (14x...
Buy Amara Raja Batteries Ltd For Target Rs 550 - Anand Rathi Shares and Stock Brokers
Buy Amara Raja Batteries Ltd For Target Rs 550 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
21/02/2023 2:57:42 PM
Amara Raja Batteries jumps on getting nod to sell new energy business to ARACT Amara Raja Batteries is currently trading at Rs. 578.20, up by 12.20 points or 2.16% from its previous closing of Rs. 566.00 on the BSE. The scrip opened at Rs. 591.90 and has touched a high and low of Rs. 596.30 and Rs. 571.30 respectively. So far 81721 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 669.95 on 09-Dec-2022 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip st...
Amara Raja Batteries jumps on getting nod to sell new energy business to ARACT
Amara Raja Batteries jumps on getting nod to sell new energy business to ARACT
Source: Accord Fintech
27/01/2023 11:40:27 AM
Deeptech battery startup Log9 raises $40 mn, aims global footprint Deep-tech battery startup Log9 on Monday said it has raised $40 million as a part of its Series B funding, in a mix of equity and debt led by Amara Raja Batteries Ltd and Petronas Ventures. Log9, backed by its recent series of investments, aims to solve the challenges around safety, reliability, and performance by investing further into cell and battery technologies. "The recent round of investments will allow us to grow our battery manufacturing capabilities to a 2 GWH capacity by...
Deeptech battery startup Log9 raises $40 mn, aims global footprint
Deeptech battery startup Log9 raises $40 mn, aims global footprint
Source: IANS
23/01/2023 11:21:45 AM
Amara Raja Batteries soars on inking MoU with Govt of Telangana to setup Lithium-ion Battery Gigafactory Amara Raja Batteries is currently trading at Rs. 653.30, up by 7.55 points or 1.17% from its previous closing of Rs. 645.75 on the BSE. The scrip opened at Rs. 645.85 and has touched a high and low of Rs. 658.10 and Rs. 645.25 respectively. So far 39603 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 667.10 on 18-Jan-2022 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip sto...
Amara Raja Batteries soars on inking MoU with Govt of Telangana to setup Lithium-ion Battery Gigafactory
Amara Raja Batteries soars on inking MoU with Govt of Telangana to setup Lithium-ion Battery Gigafactory
Source: Accord Fintech
2/12/2022 3:37:27 PM
Buy Amara Raja Batteries Ltd For Target Rs 590 - Motilal Oswal Financial Services Earnings beat led by lower RM costs Sets up a wholly owned subs for li-ion cell and pack manufacturing * AMRJ’s 2QFY23 earnings were led by softening of RM costs coupled with volume growth across segments. The recent moderation in lead prices will aid margin recovery. Volumes should see an upward trajectory in both automotive and industrial segments. * We raise FY23E/FY24E EPS by 28%/14% to factor in the recovery in the automobile segment and exports coupled with the benefit fr...
Buy Amara Raja Batteries Ltd For Target Rs 590 - Motilal Oswal Financial Services
Buy Amara Raja Batteries Ltd For Target Rs 590 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
7/11/2022 12:25:51 PM
Hold Amara Raja Batteries Ltd For Target Rs 550 - Emkay Global Financial Services Ltd AMRJ’s Q2FY23 EBITDA grew by 34% YoY (3-yr CAGR: 7%) to Rs3.6bn, coming in 21% above our estimates as benefits from easing commodity prices and product price increases were higher than our expectations. Revenue increased by 19% (3-yr CAGR: 17%) to Rs27bn, standing at a 5% beat due to higher than estimated growth in the auto segment. Factoring-in better revenue & margin assumptions, we increase our FY23- 25E EPS by 2-8%. Despite losing out in the PLI-ACC scheme, AMRJ plans to commenc...
Hold Amara Raja Batteries Ltd For Target Rs 550 - Emkay Global Financial Services Ltd
Hold Amara Raja Batteries Ltd For Target Rs 550 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd.
4/11/2022 3:46:59 PM
Amara Raja Batteries zooms on reporting 39% rise in Q2 consolidated net profit Amara Raja Batteries is currently trading at Rs. 576.10, up by 56.30 points or 10.83% from its previous closing of Rs. 519.80 on the BSE. The scrip opened at Rs. 548.00 and has touched a high and low of Rs. 579.75 and Rs. 543.05 respectively. So far 638760 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 713.75 on 10-Nov-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip ...
Amara Raja Batteries zooms on reporting 39% rise in Q2 consolidated net profit
Amara Raja Batteries zooms on reporting 39% rise in Q2 consolidated net profit
Source: Accord Fintech
4/11/2022 12:34:11 PM
Hold Amara Raja Batteries Ltd For Target Rs. 500- ICICI Direct Backward integrates by acquiring plastic component business from promoter entity, await larger Li-On play About the stock: Amara Raja Batteries (ARBL) is a part of the duopolistic organised Indian lead acid battery market with a strong presence across automotive (OEM and aftermarket) and industrial battery space (UPS, telecom, solar, etc). * Geographical mix as of FY22: Domestic ~87%, Export ~13% Key Highlights: * Demerging plastic component for battery business of Mangal Industri...
Hold Amara Raja Batteries Ltd For Target Rs. 500- ICICI Direct
Hold Amara Raja Batteries Ltd For Target Rs. 500- ICICI Direct
Source: ICICI Direct
28/09/2022 11:32:16 AM
Neutral Amara Raja Batteries Ltd For Target Rs.555- Motilal Oswal Financial Services Buys the promoter-owned Plastic Component business While valuations are reasonable, the timing can be questioned * AMRJ has proposed to buy the Plastic Component business for batteries from the promoter-owned entity Mangal Industries (MIL) in a share swap deal. The Plastic Component business contributes ~39% to MIL's total revenue. AMRJ is MIL's sole customer and represents 100% of the former's plastic requirement. The Plastic Component of the Battery business consists of co...
Neutral Amara Raja Batteries Ltd For Target Rs.555- Motilal Oswal Financial Services
Neutral Amara Raja Batteries Ltd For Target Rs.555- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/09/2022 12:22:20 PM
Key Stock News: Inox Green, Adani Ports, Amara Raja, NCLT, HDFC , JSW Ports - ARETE Securities   Key News Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans. The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this country, Inox Wind Chief Executive Officer (CEO) Kailash Lal Tarachandani told PTI...
Key Stock News: Inox Green, Adani Ports, Amara Raja, NCLT, HDFC , JSW Ports - ARETE Securities
Key Stock News: Inox Green, Adani Ports, Amara Raja, NCLT, HDFC , JSW Ports - ARETE Securities
Source: ARETE Securities Ltd
19/09/2022 9:30:27 AM
Amara Raja Batteries inches up on completing investment in Log 9 Materials Scientific Amara Raja Batteries is currently trading at Rs. 510.70, up by 1.50 points or 0.29% from its previous closing of Rs. 509.20 on the BSE. The scrip opened at Rs. 505.40 and has touched a high and low of Rs. 514.95 and Rs. 505.40 respectively. So far 14944 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.00 on 11-Oct-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip sto...
Amara Raja Batteries inches up on completing investment in Log 9 Materials Scientific
Amara Raja Batteries inches up on completing investment in Log 9 Materials Scientific
Source: Accord Fintech
1/09/2022 12:07:55 PM
Hold Amara Raja Batteries Ltd For Target Rs.475- ICICI direct Await larger commitment to new energy, Li-On space… About the stock: Amara Raja Batteries (ARBL) is a part of the duopolistic organised Indian lead acid battery market with a strong presence across automotive (OEM, aftermarket) and industrial battery space (UPS, telecom, solar, etc). * Geographical mix as of FY22: domestic ~87%, export ~13% * Battery capacity as of FY22: 1.62 crore units for 4-W, 2.91 crore units for 2- W, 2 bn AH for industrial battery; cumulative across eigh...
Hold Amara Raja Batteries Ltd For Target Rs.475- ICICI direct
Hold Amara Raja Batteries Ltd For Target Rs.475- ICICI direct
Source: ICICI direct
26/08/2022 9:33:04 AM
Amara Raja Batteries gains on planning to invest Rs 77 crore in Log 9 Amara Raja Batteries is currently trading at Rs. 516.45, up by 4.90 points or 0.96% from its previous closing of Rs. 511.55 on the BSE. The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 518.00 and Rs. 513.55 respectively. So far 1492 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.00 on 11-Oct-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Amara Raja Batteries gains on planning to invest Rs 77 crore in Log 9
Amara Raja Batteries gains on planning to invest Rs 77 crore in Log 9
Source: Accord Fintech
25/08/2022 11:05:37 AM
Hold Amara Raja Batteries Ltd For Target Rs.530 -Emkay Global Financial Services Ltd * For Q1FY23, Amara Raja (AMRJ) reported 20% qoq revenue growth (3-year CAGR at 13%) to Rs26.2bn, 5% above estimates, due to improved growth in auto/industrial segments. EBITDA grew by 19% (3-year CAGR at -2%) to Rs2.6bn, 11% below estimates, due to higher-than-expected commodity hit and one-time costs of ~Rs100mn. Management expects benefits of lower commodity prices to reflect in Q2.   * We have cut our FY23 EPS forecast by 2% due to lower margin assumption and broadly retained our ...
Hold Amara Raja Batteries Ltd For Target Rs.530 -Emkay Global Financial Services Ltd
Hold Amara Raja Batteries Ltd For Target Rs.530 -Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
19/08/2022 1:06:59 PM
Hold Amara Raja Batteries Ltd For Target Rs. 530 - Emkay Global Financial Strong revenue performance in Q1; Lower input cost benefits to reflect from Q2 * For Q1FY23, Amara Raja (AMRJ) reported 20% qoq revenue growth (3-year CAGR at 13%) to Rs26.2bn, 5% above estimates, due to improved growth in auto/industrial segments. EBITDA grew by 19% (3-year CAGR at -2%) to Rs2.6bn, 11% below estimates, due to higher-than-expected commodity hit and one-time costs of ~Rs100mn. Management expects benefits of lower commodity prices to reflect in Q2. * We have cut our FY23 ...
Hold Amara Raja Batteries Ltd For Target Rs. 530 - Emkay Global Financial
Hold Amara Raja Batteries Ltd For Target Rs. 530 - Emkay Global Financial
Source: Emkay Global Financial Ltd
9/08/2022 2:33:17 PM
Amara Raja Batteries surges on reporting 6% rise in Q1 consolidated net profit Amara Raja Batteries is currently trading at Rs. 514.15, up by 9.40 points or 1.86% from its previous closing of Rs. 504.75 on the BSE. The scrip opened at Rs. 508.30 and has touched a high and low of Rs. 521.55 and Rs. 508.00 respectively. So far 80906 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 781.00 on 11-Oct-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022. Last one week high and low of the scrip sto...
Amara Raja Batteries surges on reporting 6% rise in Q1 consolidated net profit
Amara Raja Batteries surges on reporting 6% rise in Q1 consolidated net profit
Source: Accord Fintech
8/08/2022 12:58:14 PM
Hold Amara Raja Batteries Ltd For Target Rs.610 - Emkay Global EBITDA below estimates; all eyes on entry into lithium battery space * Q4 EBITDA declined by 31% yoy to Rs2.2bn (est.:Rs3.2bn), below estimates due to lowerthan-expected revenue and delay in passing on commodity inflation. Revenue grew 4% to Rs21.8bn (est.:Rs24.4bn), below estimates, owing to a volume drop of 20%/25% in 2W/ inverter segments. Management expects FY23 volume growth in auto replacement to be in double-digits, and industrial segments such as Telecom/UPS to see 7-8% growth. ...
Hold Amara Raja Batteries Ltd For Target Rs.610 - Emkay Global
Hold Amara Raja Batteries Ltd For Target Rs.610 - Emkay Global
Source: Emkay Global Financial Services Ltd
24/05/2022 11:49:46 AM
Stock Picks - Power Grid Corporation of India Ltd And Amara Raja Batteries Ltd By ICICI Direct Power Grid Corporation of India Ltd Buy Power Grid Corporation of India Ltd @ 243.50-244.50 CMP 245.35 Stop Loss 241.40 Target 246.40/248.80   Amara Raja Group Sell Amara Raja Batteries Ltd @ 520.00-521.00 CMP 521.10 Stop Loss 525.70 Target 515.60/510.60   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData...
Stock Picks - Power Grid Corporation of India Ltd And Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Power Grid Corporation of India Ltd And Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
10/05/2022 12:32:21 PM
Hold Amara Raja Batteries Ltd For Target Rs.650 - ICICI Direct Steady quarterly performance, await larger Li-On play… About the stock: Amara Raja Batteries (ARBL) is a part of the duopolistic organised Indian lead acid battery market with a strong presence across automotive (OEM and aftermarket) and industrial battery space (UPS, telecom, solar, etc). * Geographical mix as of FY21: Domestic ~88%, Export ~12% * Battery capacity as of FY21: 1.4 crore units for 4W, 2 crore units for 2-W, 2 bn AH for industrial battery Q3FY22 Results: The ...
Hold Amara Raja Batteries Ltd For Target Rs.650 - ICICI Direct
Hold Amara Raja Batteries Ltd For Target Rs.650 - ICICI Direct
Source: ICICI Direct
9/03/2022 12:55:34 PM
Stock Picks - Titan Company ​​​​​​​Ltd and Amara Raja Group​​​​​​​​​​​​​​ Ltd By ICICI Direct Titan Company Buy Titan CompanyLtd  @ 2480.00-2486.00 CMP 2492.00 TGT 2523.00 SL 2462.70   Amara Raja Group Buy Amara Raja Group​​​​​​​ Ltd @ 596.00-598.00 CMP 597.10 TGT 587.00 SL 602.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for infor...
Stock Picks - Titan Company ​​​​​​​Ltd and Amara Raja Group​​​​​​​​​​​​​​ Ltd By ICICI Direct
Stock Picks - Titan Company ​​​​​​​Ltd and Amara Raja Group​​​​​​​​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
18/02/2022 10:44:32 AM
Hold Amara Raja Batteries Ltd For Target Rs.710 - Emkay Global EBITDA below estimates; all eyes on entry into lithium battery space * Q3 adjusted EBITDA declined by 10% yoy to Rs2.76bn, 5% lower than estimates, mainly due to delays in the pass-through of commodity inflation. Revenue grew by 21% to Rs23.7bn (est.: Rs23.1bn), slightly above estimates on better-than-expected revenues in the replacement segment. * We reduce FY22-24E EPS by 5-9% on lower margin assumptions. A revenue CAGR of 11% over FY22-24E should be supported by a pickup in...
Hold Amara Raja Batteries Ltd For Target Rs.710 - Emkay Global
Hold Amara Raja Batteries Ltd For Target Rs.710 - Emkay Global
Source: Emkay Global Financial Services Ltd
14/02/2022 12:22:59 PM
Amara Raja Batteries tumbles on reporting 25% fall in Q3 consolidated net profit Amara Raja Batteries is currently trading at Rs. 612.70, down by 7.95 points or 1.28% from its previous closing of Rs. 620.65 on the BSE. The scrip opened at Rs. 615.00 and has touched a high and low of Rs. 619.00 and Rs. 608.00 respectively. So far 79335 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1009.20 on 11-Feb-2021 and a 52 week low of Rs. 584.45 on 20-Dec-2021. Last one week high and low of the scrip ...
Amara Raja Batteries tumbles on reporting 25% fall in Q3 consolidated net profit
Amara Raja Batteries tumbles on reporting 25% fall in Q3 consolidated net profit
Source: Accord Fintech
11/02/2022 12:51:15 PM
Stock Picks - Hindalco Industries Ltd. And Amara Raja Group Ltd By ICICI Direct Hindalco Buy Hindalco Industries Ltd Ltd @445.00-447.00 CMP 448.20 TGT 455.00 SL 441.40   Amara Raja Buy Amara Raja Group Ltd Ltd @2398-2402 CMP 2397.60 TGT 2352 SL 2424.20     To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academi...
Stock Picks - Hindalco Industries Ltd. And Amara Raja Group Ltd By ICICI Direct
Stock Picks - Hindalco Industries Ltd. And Amara Raja Group Ltd By ICICI Direct
Source: ICICI Direct
21/01/2022 10:25:42 AM
Key News - Ola Electric, NTPC Ltd, Bajaj Auto Ltd, Amara Raja Batteries Ltd, Foxconn Group By ARETE Securities Key News Ola Electric to have 4,000 EV charging points in 2022: CEO Bhavish Aggarwal As part of its ambitious charging infrastructure goal, Ola Electric will install more than 4,000 charging points for its electric scooters across cities in next year. In a tweet, Bhavish Aggarwal, Founder and CEO, Ola, said that Hypercharger roll out has begun across cities. "At key BPCL pumps as well as residential complexes. 4000+ points up through next year. We're installing across India an...
Key News - Ola Electric, NTPC Ltd, Bajaj Auto Ltd, Amara Raja Batteries Ltd, Foxconn Group By ARETE Securities
Key News - Ola Electric, NTPC Ltd, Bajaj Auto Ltd, Amara Raja Batteries Ltd, Foxconn Group By ARETE Securities
Source: ARETE Securities Ltd
30/12/2021 9:43:09 AM
Amara Raja Batteries gains on planning to invest in InoBat Auto Amara Raja Batteries is currently trading at Rs. 627.60, up by 9.80 points or 1.59% from its previous closing of Rs. 617.80 on the BSE. The scrip opened at Rs. 629.80 and has touched a high and low of Rs. 632.15 and Rs. 623.75 respectively. So far 45163 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1025.00 on 15-Jan-2021 and a 52 week low of Rs. 584.45 on 20-Dec-2021. Last one week high and low of the scrip st...
Amara Raja Batteries gains on planning to invest in InoBat Auto
Amara Raja Batteries gains on planning to invest in InoBat Auto
Source: Accord Fintech
29/12/2021 10:15:53 AM
Neutral Amara Raja Batteries Ltd For Target Rs.780 - Motilal Oswal Cost pressures dilute benefit from strong revenue growth Started supplying Li-ion battery pack to 3Ws * AMRJ’s 2QFY22 performance was in line, as RM cost pressures were diluted by strong revenue growth. Near term headwinds (rising RM prices) could affect a recovery in margin. The company has taken the first steps towards its next phase of growth in the new energy business by supplying Li-ion battery pack to 3Ws, but it is yet to finalize its full-fledged entry into lithium ce...
Neutral Amara Raja Batteries Ltd For Target Rs.780 - Motilal Oswal
Neutral Amara Raja Batteries Ltd For Target Rs.780 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/12/2021 10:21:32 AM
Stock Picks - Persistent Systems​​​​​​​ Ltd and Amara Raja Batteries Ltd By ICICI Direct Persistent Systems Buy Persistent Systems​​​​​​​ Ltd @ 4640.00-4646.00 CMP 4653.60 TGT 4709.00 SL 4605.70   Amara Raja Batteries Sell Amara Raja Batteries Ltd @ 616.00-619.00 CMP 618.90 TGT 606.00 SL 623.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by a...
Stock Picks - Persistent Systems​​​​​​​ Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Persistent Systems​​​​​​​ Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
20/12/2021 11:06:31 AM
Stock Picks - DLF Ltd and Amara Raja Batteries Ltd By ICICI Direct DLF Buy DLF Ltd @ 416.00-418.00 CMP 417.55 TGT 425.00 SL 412.90   Amara Raja Batteries Ltd Sell Amara Raja Batteries Ltd @ 641.00-643.00 CMP 641.60 TGT 631.00 SL 648.10   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic pu...
Stock Picks - DLF Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - DLF Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
15/12/2021 11:22:15 AM
Stock Picks - Divi's Laboratories Ltd and Amara Raja Batteries Ltd By ICICI Direct Divi's Laboratories Buy Divi's Laboratories Ltd @ 4798.00-4802.00 CMP 4812.80 TGT 4895.20 SL 4749.40   Amara Raja Batteries Sell Amara Raja Batteries Ltd @ 625.00-627.00 CMP 627.00 TGT 620.30 SL 632.50   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all part...
Stock Picks - Divi's Laboratories Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Divi's Laboratories Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
26/11/2021 11:26:59 AM
Hold Amara Raja Batteries Ltd For Target Rs.775 - Emkay Global EBITDA below estimates; cost pressures to continue; maintain Hold * Q2 EBITDA declined by 21% to Rs2.7bn, 5% lower than estimates due to the delay in passing on commodity inflation to customers, higher warranty expenses, and a temporary increase in power costs. Revenue grew by 17% to Rs22.6bn (est.: Rs21.3bn), above estimate on better-than-expected revenues in the replacement and industrial segments. * We believe that growth in the replacement segment will normalize in the coming quarte...
Hold Amara Raja Batteries Ltd For Target Rs.775 - Emkay Global
Hold Amara Raja Batteries Ltd For Target Rs.775 - Emkay Global
Source: Emkay Global Financial Services Ltd
17/11/2021 12:38:48 PM
Stock Picks - Titan Industries Ltd and Amara Raja Batteries Ltd By ICICI Direct Titan Buy Titan Industries Ltd @ 2520.00-2526.00 CMP 2520.00 TGT 2573.00 SL 2498.40   Amara Raja Batteries Ltd Sell Amara Raja Batteries Ltd @ 698.00-700.00 CMP 698.00 TGT 693.30 SL 705.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants ar...
Stock Picks - Titan Industries Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Titan Industries Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
12/11/2021 11:47:58 AM
Neutral Amara Raja Batteries Ltd For Target Rs.820 - Motilal Oswal Strong revenue outperformance leads to overall beat RM cost inflation keeps margin under pressure * AMRJ’s 1QFY22 performance was led by strong revenue growth across segments. Drivers for demand are in place, but rising RM prices (lead, plastic, sheet metal, and copper) could restrict performance in the near term. AMRJ is geared up for the next phase of transformation in the Lead Acid Battery segment. It is also foraying into the New Energy business: lithium ion/battery pack, EV c...
Neutral Amara Raja Batteries Ltd For Target Rs.820 - Motilal Oswal
Neutral Amara Raja Batteries Ltd For Target Rs.820 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/10/2021 11:23:42 AM
Neutral Amara Raja Batteries Ltd For Target Rs.860 - Motilal Oswal New Energy and LAB exports to be the key growth drivers Targeting 8-10GW of li-ion capacity to remain cost competitive * Amara Raja’s senior management team presented (click here for the presentation) their new strategic initiative, laying down future growth drivers in the form of New Energy and Mobility. Key highlights from the meeting: * Under this strategy, it is focused on value maximization in its core Lead Acid Battery (LAB) business and is foraying into the New Energy...
Neutral Amara Raja Batteries Ltd For Target Rs.860 - Motilal Oswal
Neutral Amara Raja Batteries Ltd For Target Rs.860 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/07/2021 10:33:43 AM
Hold Amara Raja Batteries Ltd For Target Rs.850 - ICICI Direct Expresses intent of going big on new energy (Li-On) space We attended the virtual Amara Raja Batteries (ARBL) investor event wherein the company laid out its plans on maximising lead acid battery (LAB) business potential and exploring the upcoming opportunity presented by the mega change i.e. lithium-ion batteries (LIB). With limited organic growth prospects in the LAB domain amid increasing pace of adoption of electric vehicles, ARBL expressed its intent to scout for a partnership (techno...
Hold Amara Raja Batteries Ltd For Target Rs.850 - ICICI Direct
Hold Amara Raja Batteries Ltd For Target Rs.850 - ICICI Direct
Source: ICICI Direct
5/07/2021 10:05:41 AM
Neutral Amara Raja Ltd For Target Rs.860 - Motilal Oswal New Energy and LAB exports to be the key growth drivers Targeting 8-10GW of li-ion capacity to remain cost competitive * Amara Raja’s senior management team presented their new strategic initiative, laying down future growth drivers in the form of New Energy and Mobility. Key highlights from the meeting: * Under this strategy, it is focused on value maximization in its core Lead Acid Battery (LAB) business and is foraying into the New Energy business in the form of lithium-ion ...
Neutral Amara Raja Ltd For Target Rs.860 - Motilal Oswal
Neutral Amara Raja Ltd For Target Rs.860 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
3/07/2021 9:50:14 AM
Reduce Amara Raja Batteries Ltd For Target Rs. 700 - ICICI Direct Technological disruption to weigh on valuations… Amara Raja Batteries (ARBL) reported steady Q4FY21 results. Net sales rose 33% YoY, 7.3% QoQ to | 2,103 crore. As per management commentary, demand during the quarter was strong across all automotive and industrial segments. Margins were at 15.1% (down 50 bps QoQ) amid 130 bps gross margin contraction and increase in other expenses on percentage of sales basis. PAT grew 39% YoY (down 2% QoQ) to | 189 crore. ARBL declared a total divid...
Reduce Amara Raja Batteries Ltd For Target Rs. 700 - ICICI Direct
Reduce Amara Raja Batteries Ltd For Target Rs. 700 - ICICI Direct
Source: ICICI Direct
22/06/2021 11:44:52 AM
Neutral Amara Raja Ltd For Target Rs. 870 - Motilal Oswal In line op. performance; slower price hikes to hurt margin Plant fully operational now, no material impact from 4-5 days closure * AMRJ’s 4QFY21 operating performance was in line with our estimates as strong revenue growth led operating leverage diluted the impact of higher RM cost. Weak demand visibility and lead price inflation will impact near term performance. Its strategy to meet the upcoming challenge from new chemistries would be an important driver for the stock. * We h...
Neutral Amara Raja Ltd For Target Rs. 870 - Motilal Oswal
Neutral Amara Raja Ltd For Target Rs. 870 - Motilal Oswal
Source: Motilal Oswal Financial Services
17/06/2021 9:44:51 AM
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities Key News JB Chemicals & Pharmaceuticals Q4 net profit jumps two-fold to Rs 101 cr Drug firm JB Chemicals & Pharmaceuticals on Monday reported a two-fold jump in consolidated net profit to Rs 100.81 crore for the quarter ended March 2021 on account of robust sales. The company had posted a net profit of Rs 50.07 crore for the corresponding period of the previous fiscal year, JB Chemicals & Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations stood...
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities
Source: ARETE Securities Ltd
15/06/2021 8:51:41 AM
Hold Amara Raja Batteries Ltd For Target Rs.850 - Emkay Global Uncertain times ahead; maintain Hold * Q4FY21 EBITDA margin of 15.1% came in above estimate of 14.3% on lower employee expenses due to a write-back of provisions. Revenues stood at Rs21bn - above estimate of Rs19.4bn on higher-than-expected sales in inverter and other industrial segments. * We trim FY22/23 EPS estimates by 3%/1% to Rs46.2/56.7. We are introducing FY24E EPS of Rs64.7, factoring in 11% revenue growth and 17.1% EBITDA margins. There could be downside risks to our estimates...
Hold Amara Raja Batteries Ltd For Target Rs.850 - Emkay Global
Hold Amara Raja Batteries Ltd For Target Rs.850 - Emkay Global
Source: Emkay Global Financial Services Ltd
29/05/2021 9:50:52 AM
Key News - JSW Steel Ltd, United Spirits Ltd, Tax arbitration, Amara Raja Batteries Ltd by ARETE Securities Key News JSW Steel posts massive 18-fold hike in consol Q4 PAT at Rs 4,198 cr Sajjan Jindal-led JSW Steel reported a lower-than-expected consolidated net profit attributable to the owners of the company at Rs 4,198 crore in the March quarter, as against a meager Rs 231 crore clocked in the corresponding period last year. The company’s top line in the period under review stood at Rs 26,456 crore, up 51 per cent from the same period last year lent support to the bottomline. The comp...
Key News - JSW Steel Ltd, United Spirits Ltd, Tax arbitration, Amara Raja Batteries Ltd by ARETE Securities
Key News - JSW Steel Ltd, United Spirits Ltd, Tax arbitration, Amara Raja Batteries Ltd by ARETE Securities
Source: ARETE Securities Ltd
24/05/2021 9:22:22 AM
Stock Picks - Steel Authority of India Ltd and Amara Raja Batteries Ltd By ICICI Direct SAIL Buy Steel Authority of India Ltd @ 73.00-73.50 CMP 73.50 TGT 74.70 SL 72.40   Amara Raja Buy Amara Raja Batteries Ltd @ 851.00-853.00 CMP 848.00 TGT 843.40 SL 859.10   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the website k...
Stock Picks - Steel Authority of India Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Steel Authority of India Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
26/03/2021 10:42:26 AM
Stock Picks - Tata Consultancy Services Ltd and Amara Raja Batteries Ltd By ICICI Direct Tata Consultancy Services Buy Tata Consultancy Services Ltd @ 3126.00-3132.00 CMP 3124.25 TGT 3179.00 SL 3102.80   AMARAJ Buy AMARAJ Ltd @ 879.00-882.00​​​​​​​ CMP 869.00 TGT 872.60​​​​​​​ SL 3102.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the aut...
Stock Picks - Tata Consultancy Services Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Tata Consultancy Services Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
18/03/2021 12:34:38 PM