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Amara Raja Batteries drops after reporting small growth in profitability in Q4

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Capital Market
Last Updated : May 26 2016 | 12:01 AM IST

Amara Raja Batteries shed 5.02% to Rs 849.55 at 11:30 IST on BSE after net profit rose 6.19% to Rs 108.60 crore on 9.56% rise in total income to Rs 1179.39 crore in Q4 March 2016 over Q4 March 2015.

The result was announced before market hours today, 25 May 2016.

Meanwhile, the BSE Sensex was up 369.01 points, or 1.46%, to 25,674.48.

On BSE, so far 34,661 shares were traded in the counter, compared with an average volume of 23,341 shares in the past one quarter. The stock hit a high of Rs 869.90 and a low of Rs 842.50 so far during the day. The stock hit a record high of Rs 1,132 on 25 August 2015. The stock hit a 52-week low of Rs 773.05 on 18 January 2016. The stock had underperformed the market over the past one month till 24 May 2016, dropping 3.48% compared with Sensex's 2.06% fall. The scrip had also underperformed the market in past one quarter, rising 1.28% as against Sensex's 9.6% rise.

The large-cap company has an 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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First Published: May 25 2016 | 11:34 AM IST

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