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Emkay remains bullish, Amara Raja Batteries share price up 5.5%

Monday, February 3, 2020, 8:43 PM

Shares of Amara Raja Batteries gained more than 5% on February 3 as Emkay retained its bullish stance on the stock and raised price target after operating numbers were ahead of expectations. The stock closed at Rs 784.05, up Rs 40.90, or 5.50 percent, on the BSE. Profit during the quarter grew 26 percent YoY to Rs 164 crore, driven by lower tax rate.
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Amara Raja Batteries share price gains 3% after Kotak raises target

Tuesday, December 17, 2019, 7:50 PM

Amara Raja Batteries share price rallied 3 percent in the morning trade on December 17 after Kotak Institutional Equities raised the target price to Rs 800 from Rs 720, implying a 10.65 percent upside from current levels, while maintaining add call on the stock. The brokerage expects the revenue growth of the lead-acid batteries manufacturer to remain robust over FY19-22.