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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Anand Rathi Maintains Buy On Amara Raja Batteries
Amara Raja’s continuous market-share gains in two wheeler original equipment makers (OEMs), sustained replacement growth and higher industrial segment growth will go a long way in building a strong position in each of its business verticals. With strong volume growth across verticals, we expect margin expansion in the next two years. We continue to be positive on the stock, with a Buy rating at a target price of Rs 1,131, Anand Rathi said in a note.