BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
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.