Amara Raja Batteries Ltd is up for a third straight session in a row. The stock is quoting at Rs 668.4, up 1.18% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.24% on the day, quoting at 10559.55. The Sensex is at 35891.13, up 1.35%. Amara Raja Batteries Ltd has risen around 2.74% in last one month.

Meanwhile, Nifty Auto index of which Amara Raja Batteries Ltd is a constituent, has risen around 5.44% in last one month and is currently quoting at 6718.6, up 1.98% on the day. The volume in the stock stood at 5.8 lakh shares today, compared to the daily average of 11.25 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 668.35, up 1.1% on the day. Amara Raja Batteries Ltd is up 5.89% in last one year as compared to a 11.39% drop in NIFTY and a 14.77% drop in the Nifty Auto index.

The PE of the stock is 17.07 based on TTM earnings ending March 20.

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Amara Raja Batteries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 640.4, down 2.32% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 10226.1. The Sensex is at 34623, down 0.71%.Amara Raja Batteries Ltd has added around 5.8% in last one month.Meanwhile, Nifty Auto index of which Amara Raja Batteries Ltd is a constituent, has increased around 14.86% in last one month and is currently quoting at 6742.8, down 0.28% on the day. The volume in the stock stood at 6.3 lakh shares today, compared to the daily average of 13.61 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 640, down 2.33% on the day. Amara Raja Batteries Ltd jumped 3.62% in last one year as compared to a 13.69% slide in NIFTY and a 14.71% fall in the Nifty Auto index.

The PE of the stock is 16.93 based on TTM earnings ending March 20.

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Amara Raja Batteries Ltd rose for a fifth straight session today. The stock is quoting at Rs 646.55, up 5.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.2% on the day, quoting at 9886.95. The Sensex is at 33565.8, up 3.52%. Amara Raja Batteries Ltd has added around 17.37% in last one month.

Meanwhile, Nifty Auto index of which Amara Raja Batteries Ltd is a constituent, has added around 17.67% in last one month and is currently quoting at 6218.8, up 3.62% on the day. The volume in the stock stood at 16.03 lakh shares today, compared to the daily average of 18.81 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 649.1, up 5.91% on the day. Amara Raja Batteries Ltd is up 1.43% in last one year as compared to a 18.21% fall in NIFTY and a 22.63% fall in the Nifty Auto index.

The PE of the stock is 16.31 based on TTM earnings ending December 19.

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Consolidated profit before tax stood at Rs 178.93 crore in Q4 March 2020, rising 0.5% from Rs 177.99 crore in the same period last year. Total tax expenses declined 17.4% to Rs 48.63 crore in Q4 March 2020 from Rs 58.91 crore in Q4 March 2019. The result was announced on Saturday, 30 May 2020.

Commenting on the Q4 performance, S. Vijayanand, CEO, Amara Raja Batteries said, Amara Raja Batteries continued focus on innovation and strong customer portfolio, positioned us well for 2020 and beyond. All essential product and service delivery to key customer segments were carried out uninterrupted during the lock down phase. The company's strong cash flows and healthy liquidity position is of great support to navigate the current crisis. The company returned to partial operations during the month of May and continue to ramp up production, sales and service activities in the recent weeks.

Amara Raja said that Automotive Business Division substantially overcame the demand slowdown in Auto OE segment aided by significant traction in volume growth under challenging market conditions. In spite of market disruptions towards the year end due to the COVID19 induced lockdown restrictions, both the automotive brands, AMARON and POWERZONE, continued strong growth momentum across vehicle segments. However, growth in home UPS segment has been moderate as the seasonal demand for inverter batteries was severely impacted by the lockdown restrictions in March.

The stock extended its winning run to fifth consecutive trading session. The stock has gained 8.7% in five trading days from its previous closing low of Rs 592.40 posted on 22 May 2020.

Amara Raja Batteries makes batteries for both industrial and automotive applications.

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