995.8000 25.30 (2.61%)
NSE Mar 18, 2025 13:12 PM
Volume: 358.3K
 

995.80
2.61%
Motilal Oswal
Amara Raja (AMRJ)'s 3QFY22 performance was driven by a better product mix, which offset RM cost pressures. Near-term headwinds (rising RM prices) could affect margin recovery. The company has taken the first steps towards its next phase of growth in the New Energy business by supplying li-ion battery packs to 3Ws; however, it is yet to finalize its full-fledged entry into lithium cell manufacturing. We largely maintain our FY22E/FY23E EPS estimates as well as our Neutral rating with a TP of INR685 (14x Mar'24E EPS)....
Amara Raja Energy & Mobility Ltd. has lost -28.87% in the last 6 Months
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