Business Standard

Amara Raja Batteries hits 52-week high on strong Q3 earnings

The board approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries.

Related News

Amara Raja Batteries has rallied 6% to Rs 320, also its 52-week high on BSE, after reporting 23% year-on-year growth in net profit at Rs 81 crore in the quarter ended December 31, 2012 (Q3) on back of the strong growth in volumes of 4-wheeler and 2-wheeler batteries.

“Net sales of the company increased 23% to Rs 757 crore for the quarter, as against Rs 612 crore a year ago,” said in a statement.

Meanwhile, the company engaged in manufacturing of industrial and automotive batteries is planning to invest Rs 440 crore for capacity expansion in the automotive segment.

“The board of directors has approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries,” the company said.

The stock opened at Rs 308 and has seen a combined around 225,000 shares changing hands on the counter in opening deals on both the exchanges.

 

Read more on:   
|
|

Amara Raja Batteries hits 52-week high on strong Q3 earnings

The board approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries.

Amara Raja Batteries has rallied 6% to Rs 320, also its 52-week high on BSE, after reporting 23% year-on-year growth in net profit at Rs 81 crore in the quarter ended December 31, 2012 (Q3) on back of the strong growth in volumes of 4-wheeler and 2-wheeler batteries.

Amara Raja Batteries has rallied 6% to Rs 320, also its 52-week high on BSE, after reporting 23% year-on-year growth in net profit at Rs 81 crore in the quarter ended December 31, 2012 (Q3) on back of the strong growth in volumes of 4-wheeler and 2-wheeler batteries.

“Net sales of the company increased 23% to Rs 757 crore for the quarter, as against Rs 612 crore a year ago,” said in a statement.

Meanwhile, the company engaged in manufacturing of industrial and automotive batteries is planning to invest Rs 440 crore for capacity expansion in the automotive segment.

“The board of directors has approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries,” the company said.

The stock opened at Rs 308 and has seen a combined around 225,000 shares changing hands on the counter in opening deals on both the exchanges.

 

image

Read More

UCO Bank slips on declining net

Shares of UCO Bank has slumped after the bank posted a sharp drop in net profit for the third quarter ended December 31, 2012.

Recommended for you

Advertisements

Quick Links

Market News

Stocks included in MSCI India Index in focus; UPL, Bharti Infratel surges over 5%

Bharti Infratel, Container Corp, Lupin, Eicher Motors, Bharat Forge, Marico, Shree Cement and UPL were up 1%-6% each on the NSE.

Markets trim gains; Bharti Airtel up 3%, ONGC dips 2%

At 13:35, the Sensex was trading higher by 159 points at the 27,666 mark and the Nifty gained 59 points at 8,378

Speciality Restaurants dips on weak Q4 results

The stock dipped 8% to Rs 159 on the BSE.

Rupa & Company hits new high; zooms over 90% in six days

The stock hit a new high of Rs 437, and has zoomed by 93% in the past six trading sessions on the NSE from Rs 226 on May 21.

Ador Welding surges over 10% on fund buying

On May 28, Sundaram Mutual Fund purchased 170,000 equity shares of Ador Welding at Rs 209.50 per share.

 

Back to Top