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Amara Raja Batteries Ltd sees good buying

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Amara Raja Batteries Ltd is quoting at Rs 518, up 3.18% on the day as on 12:54 IST on the NSE. The stock is down 24.33% in last one year as compared to a 21.67% drop in NIFTY and a 36.89% drop in the Nifty Auto index.

Amara Raja Batteries Ltd is up for a third straight session in a row. The stock is quoting at Rs 518, up 3.18% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 3.72% on the day, quoting at 9073.9. The Sensex is at 30954.85, up 3.55%. Amara Raja Batteries Ltd has dropped around 14.05% in last one month.

 

Meanwhile, Nifty Auto index of which Amara Raja Batteries Ltd is a constituent, has dropped around 16.94% in last one month and is currently quoting at 5043.6, up 8.17% on the day. The volume in the stock stood at 13.29 lakh shares today, compared to the daily average of 8.32 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 520, up 3.36% on the day. Amara Raja Batteries Ltd is down 24.33% in last one year as compared to a 21.67% drop in NIFTY and a 36.89% drop in the Nifty Auto index.

The PE of the stock is 13.31 based on TTM earnings ending December 19.

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First Published: Apr 09 2020 | 1:05 PM IST

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