Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
752.40
Change Change %
-37.25 -4.72%

Updated:21 Sep, 2018, 15:59 PM IST

BSE
753.10
Change Change %
-37.00 -4.68%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
28-09-2015 Sell 984.90 824.00
N/A
Target Hit Custom
28-09-2016

Nomura Downgrades Amara Raja Batteries to Sell

Nomura downgraded Amara Raja Batteries to 'reduce' for target price of Rs 824 per share. Nomura says that premium of Amara Raja is too high after FY15 results and battery industry is entering a slow growth phase. Nomura sees a demand slowdown for both auto and industrial batteries and industrial battery demand is in structural decline due to improving power.

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