Amara Raja Batteries stock falls 6.5% in intraday trade on block deals

Shares of Amara Raja Batteries fell over 6.5 per cent to Rs 732 on the National Stock Exchange (NSE) in intraday trade on Tuesday, before closing at Rs 735.45. The decline was mainly on account of nearly 30 million equity shares of the battery maker changing hands.

The data showed that 29.6 million equity shares, representing 17 per cent of total equity of Amara Raja Batteries, changed hands on the NSE. As many as 33.8 million equity shares, representing 19.8 per cent of the company’s total equity, changed hands on the NSE and the BSE combined, the exchanges data showed. According