Amara Raja Batteries, the country's second-largest automotive battery maker, has opened the country's maiden technology hub to develop lithium-ion cells
Given cost pressures and high stock valuation, the stock could see pressure even after Monday's 6% correction
The company announced capex of Rs 500 crore towards setting up lead acid recycling plant of 1 lakh tonnes per annum capacity and captive 280 MW solar power plant
MRF hit a fresh 52-week high of Rs 81,000, up 2.4 per cent on the BSE, thus gaining 26 per cent in the past month.
The company registered a 35 per cent year-on-year growth in inverters and 40 per cent growth in 2W batteries,
Amara Raja Batteries Ltd on Tuesday reported a 7.93 per cent fall in consolidated profit after tax at Rs 201.27 in the second quarter ended on September 30
Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future
The company outperformed Exide for the fifth consecutive quarter
Company says it saw demand picking up in May and has managed coronavirus crisis well.
Firm lags its peer Amara Raja in Q4 & FY20
Amara Raja Group Promoters holding the office of Managing Director in various businesses have voluntarily agreed for up to 50 per cent reduction in their total remuneration for the current fiscal
Replacement demand, lower lead costs are positives for Exide and Amara Raja
During the quarter under review, the company's revenues grew little over 3% to Rs 1760.28 crore from Rs 1707.16 crore in the year-ago period
The management said the replacement demand for AMARON, POWER ZONE and QUANTA batteries across market segments helped the company achieve healthy volume growth.
The company said both automotive and industry battery businesses have recorded healthy volume growth during the quarter barring automotive OE segment.
Stamped-grid technology will allow it to offer high-performance batteries to meet customers' present and future needs
The stock fell 8% to Rs 760, extending its 5% decline on Friday on the BSE after the company reported a lower than expected 10.7% growth in standalone net profit at Rs 1.1 billion in March quarter.
The stock surged 8% to Rs 860 on BSE in intra-day trade after the company reported a better than expected 17% growth in net profit at Rs 1.98 billion in Q3FY18.
Hyderabad, 6 October: Amara Raja Batteries Limited, a dominant Indian player in lead-acid space, is looking to make a foray into other battery technologies while keeping the cost factor at the core of its business strategy."Besides the alloy development we are also considering the alternative chemistries. The work on research, capital costs and partnerships is currently underway. We expect to finalise the technologies and the investment plans in a year or two," Amara Raja chairman Ramachandra N Galla told Business Standard. Batteries are classified by chemistry, and the most common are lead, lithium and nickel-based.Using its international partnerships and R&D, the company has launched new type of products like AGM(absorbed glass mat) and gel platform-based batteries within the lead-acid space in the recent past. It has also developed flat plate gel and tubular gel battery variants, which are expected to be commercially launched in the current year.Ramachandra Galla says the new .
Pricing pressure, product mix saw these at a multi-quarter low