Page 3 - Amara Raja Batteries

Amara Raja Batteries to diversify into emerging energy opportunities

Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities.It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and related products and services."The company is well poised to build on its strengths and create multiple new growth engines in new energy space," said Vice Chairman Jayadev Galla who is poised to become the new Chairman as Founder Chairman Ramachandra Galla has decided not to seek reappointment after 36 years at the helm.The company's board of directors has also inducted gen-next leaders Harshavardhana Gourineni and Vikramadithya Gourineni as executive directors to actively drive the transition to 'Energy & Mobility' initiative.S Vijayanand, with his proven track record of performance, will take charge as ...

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

The decline was mainly on account of nearly 30 million equity shares of the battery maker changing hands.

Amara Raja Batteries dips 6% on huge block deals

According to a media report, Clarios was to sell 17.1 million shares for an aggregate of $174 million today

Stocks to watch: Grasim, Bal Pharma, GMM Pfaudler, Amara Raja, DHFL

A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries

Higher cost of lead compounds growth challenges for battery makers

Street prefers Exide to Amara Raja, given the valuation difference

Amara Raja Batteries' Q4 net rises 38% to Rs 189 crore on robust sales

Net revenue from operations stood at Rs 2,103 crore as against Rs 1,581 crore in the fourth quarter of 2019-20

Amara Raja starts work on lithium-ion cells, sets up tech hub at Tirupati

Amara Raja Batteries, the country's second-largest automotive battery maker, has opened the country's maiden technology hub to develop lithium-ion cells

Valuations factor in robust volume outlook for Amara Raja

Given cost pressures and high stock valuation, the stock could see pressure even after Monday's 6% correction

Amara Raja Batteries dips 8% on disappointing operational performance in Q3

The company announced capex of Rs 500 crore towards setting up lead acid recycling plant of 1 lakh tonnes per annum capacity and captive 280 MW solar power plant

Auto ancillary stocks rally; Amara Raja, MRF, Balkrishna Ind hit 52-wk high

MRF hit a fresh 52-week high of Rs 81,000, up 2.4 per cent on the BSE, thus gaining 26 per cent in the past month.

Amara Raja manufacturing facilities at near 100% capacity utilisation

The company registered a 35 per cent year-on-year growth in inverters and 40 per cent growth in 2W batteries,

Amara Raja Batteries' PAT falls 7.9% to Rs 201.3 crore in Sept quarter

Amara Raja Batteries Ltd on Tuesday reported a 7.93 per cent fall in consolidated profit after tax at Rs 201.27 in the second quarter ended on September 30

Weekly stock picks by Religare Broking: Buy Bharat Forge, IndusInd Bank

Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future

Replacement demand, expansion to support revenue growth for Amara Raja

The company outperformed Exide for the fifth consecutive quarter

Battery maker Amara Raja to go ahead with Rs 350 crore capex on production

Company says it saw demand picking up in May and has managed coronavirus crisis well.

Exide lags smaller peer Amara Raja in Q4 and FY20 at operational level

Firm lags its peer Amara Raja in Q4 & FY20

Amara Raja Group announces pay cut to employees amid Covid-19 crisis

Amara Raja Group Promoters holding the office of Managing Director in various businesses have voluntarily agreed for up to 50 per cent reduction in their total remuneration for the current fiscal

Battery firms better placed as medium-term outlook looks attractive

Replacement demand, lower lead costs are positives for Exide and Amara Raja

Amara Raja profit before tax up 9% at Rs 217 crore in Dec quarter

During the quarter under review, the company's revenues grew little over 3% to Rs 1760.28 crore from Rs 1707.16 crore in the year-ago period

Amara Raja Batteries soars 6% on good Q3 operational performance

The management said the replacement demand for AMARON, POWER ZONE and QUANTA batteries across market segments helped the company achieve healthy volume growth.