Amara Raja Batteries gains after bulk deal

A bulk deal of 3.94 lakh shares was executed on Amara Raja Batteries counter at Rs 245.25 per share at 09:56 IST on BSE today, 17 April 2013.

Meanwhile, the BSE Sensex was up 75.01 points or 0.4% at 18,819.94.

On BSE, 4.18 lakh shares were traded in the counter as against average daily volume of 48,030 shares in the past one quarter.

The stock hit a high of Rs 252.40 and low of Rs 244.45 so far during the day. The stock hit a record high of Rs 328 on 30 January 2013. The stock had hit a 52-week low of Rs 133.53 on 18 May 2012.

The stock had underperformed the market over the past one month till 16 April 2013, sliding 8.3% compared with the Sensex's 3.51% fall. The scrip had also underperformed the market in past one quarter, declining 17.24% as against Sensex's 5.41% slide.

The mid-cap company has equity capital of Rs 17.08 crore. Face value per share is Re 1.

Amara Raja Batteries' net profit jumped 22.7% to Rs 80.91 crore on 23.6% growth in net sales to Rs 756.87 crore in Q3 December 2012 over Q3 December 2011.

Amara Raja Batteries is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry.

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