Amara Raja Batteries rose 8.83% to Rs 1,058 at 14:38 IST on BSE, with the stock extending a 3.7% gain registered during the previous trading session triggered by the company's good Q1 June 2015 results.
Meanwhile, the BSE Sensex was down 179.11 points, or 0.64%, to 27,888.20.
On BSE, so far 1.19 lakh shares were traded in the counter, compared with an average volume of 19,165 shares in the past one quarter.
The stock hit a high of Rs 1,062 so far during the day, which is a record high for the counter. The stock hit a low of Rs 984.15 so far during the day. The stock hit a 52-week low of Rs 535 on 18 August 2014.
The stock had outperformed the market over the past one month till 14 August 2015, rising 10.60% compared with 0.48% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.53% as against Sensex's 3.17% rise.
The large-cap company has equity capital of Rs 17.08 crore. Face value per share is Re 1.
The stock has risen 12.85% in the preceding two trading sessions from a close of Rs 937.55 on Thursday, 13 August 2015. The stock had risen 3.7% to settle at Rs 972.20 during the previous trading session on Friday, 14 August 2015, after the company reported a decent growth in bottom line in Q1 June 2015.
Amara Raja Batteries' net profit rose 15.22% to Rs 122.09 crore on 11% growth in net sales to Rs 1137.59 crore in Q1 June 2015 over Q1 June 2014. The result was announced during trading hours on Friday, 14 August 2015
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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