 "Amara Raja batteries, Exide")
Steady replacement demand, improvement in telecom segment, and market share gains are positive signs for Amara Raja Batteries. Expansion into new segments could add to incremental revenues over the next few quarters.
The near-term trigger for the stock, however, has been the June quarter (Q1) results. The Q1 show not only beat analysts’ estimates but was better than that of peer Exide Industries, leading to a 9 per cent gain in the stock price.
Though revenues and operating profit were down 37-45 per cent year-on-year (YoY) they were above estimates, led by auto replacement, telecom, and home uninterruptible power systems (UPS). In
