Amara Raja Batteries spurts after good Q3 results

Amara Raja Batteries rose 6.08% to Rs 846.60 at 15:10 IST on BSE after net profit rose 19.70% to Rs 134.45 crore on 17.07% rise in net sales to Rs 1553.46 crore in Q3 December 2017 over Q3 December 2016.

The result was announced on Saturday, 10 February 2018.

Meanwhile, the S&P BSE Sensex was up 344.31 points, or 1.01% to 34,350.07.

On the BSE, 74,000 shares were traded in the counter so far compared with average daily volumes of 51,242 shares in the past one quarter. The stock had hit a high of Rs 859.70 and a low of Rs 817 so far during the day. The stock hit a 52-week high of Rs 954.55 on 17 May 2017. The stock hit a 52-week low of Rs 665.45 on 7 November 2017.

The stock had underperformed the market over the past 30 days till 9 February 2018, falling 7.23% compared with 1.44% fall in the Sensex. The scrip had outperformed the market in past one quarter, rising 6.29% as against Sensex's 2.07% rise. The scrip had also underperformed the market in past one year, falling 8.50% as against Sensex's 20.02% rise.

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

Amara Raja Batteries makes storage batteries for both industrial and automotive applications.

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