/ Amara Raja Batteries Advances On Aiming To Be Rs 10,000-Crore Entity in 2-3 years ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 13 November 2017

Amara Raja Batteries is currently trading at Rs. 786.05, up by 34.85 points or 4.64% from its previous closing of Rs. 751.20 on the BSE.

The scrip opened at Rs. 763.95 and has touched a high and low of Rs. 786.50 and Rs. 754.00 respectively. So far 67,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1008.95 on 11-Nov-2016 and a 52 week low of Rs. 665.45 on 07-Nov-2017.

Last one week high and low of the scrip stood at Rs. 787.00 and Rs. 665.45 respectively. The current market cap of the company is Rs. 13,435.00 crore.

The promoters holding in the company stood at 52.06%, while Institutions and Non-Institutions held 30.07% and 17.87% respectively.

Amara Raja Batteries (ARBL) is aiming to be an Rs 10,000-crore entity in the next 2-3 years as the company clocks a solid double-digit growth in its automotive segment. The company expects that its automotive segment will contribute around two-thirds of its overall sales in the next 2-3 years and the rest will come from the industrial segment. Besides, the company sees potential in the solar segment, which requires clean batteries for energy storage, as thrust on green energy is on the rise.

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.

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