Sharekhan has maintained its 'Buy' recommendation on the Amara Raja stock with a revised price target of Rs 1,967 on account of expectation of healthy traction in replacement segment and an opportunity to play in the Li-ion cell business.
The recent rally in stocks related to TDP Chief Chandrababu Naidu, particularly Heritage Foods and Amara Raja, highlights the significant impact of political leadership on market performance. As these companies continue to perform well and benefit from Naidu's influence, they present compelling opportunities for investors. However, as with any investment, it is important to conduct thorough research and consider potential risks before making investment decisions
Top stocks of the week: Benchmark indices Nifty50, Sensex snapped a six-day winning streak and ended deep in red on Friday, July 21, 2023. Polycab India, Mphasis, Zensar Tech, Tanla Platforms, RITES, Route Mobile among top stocks this week.
The Amara Raja stock slipped the most in seven months to Rs 643.20 against the previous close of Rs 684.85 on BSE
Stocks that share market analysts recommended: Share market analysts have come out with 'buy' calls on select stocks namely RITES, Amara Raja Batteries, Blue Dart, Bank of Baroda. Watch this Visual Story to see what the brokerage said about these counters.
Amara Raja said its consolidated revenue from operations stood at Rs 2,700.47 crore in September quarter against Rs 2,264.15 crore in the year-ago period
Share of Amara Raja Batteries opened with a loss of 3.66% at Rs 755.10 against previous close of Rs 783.75 on BSE
Amara Raja Batteries stock opened with a loss of 2.47% at Rs 790.70 on BSE. It further fell up to 6.37% to Rs 759.05