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Monday 23 January 2017

Amara Raja Batteries slips after weak Q3 results 22 January 2017.

On the BSE, so far 21,000 shares were traded in the counter, compared with average daily volumes of 16,530 shares in the past one quarter. The stock had hit a high of Rs 898 and a low of Rs 857.25 so far during the day.
The stock hit a 52-week high of Rs 1,077 on 6 September 2016. The stock hit a 52-week low of Rs 803.80 on 12 February 2016. The stock had underperformed the market over the past 30 days till 20 January 2017, rising 3.92% compared with the 4.06% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 11.97% as against Sensex`s 3.71% decline.
The large-cap company has equity capital of Rs 17.08 crore. Face value per share is Re 1.
Amara Raja Batteries is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry.


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