BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch maintains neutral on Amara Raja Batteries
Cut earnings per share estimates post weak Q4 earnings. New product launches will drive future earnings. Current valuation of 24 times FY17 estimated earnings per share is expensive.