BusinessAmara Raja Batteries Falls For Second Straight Session, Plunges 7% In Two Days
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Amara Raja Batteries Falls For Second Straight Session, Plunges 7% In Two Days
Amara Raja Batteries shares fell as much as 6%
Amara Raja Batteries reported profit of Rs 189 crore in March quarter
Amara Raja Batteries is the leading car battery maker of the country
Brokerage firm Anand Rathi has a buy recommendation on the stock for target price of Rs 1,131.
Shares of popular battery maker - Amara Raja Batteries - fell for second straight session on Tuesday on the back of heavy trading volumes. The stock has declined as much as 6.95 per cent, in the last two trading sessions, to hit an intraday low of Rs 736.65 on the BSE. Media reports suggested that Clarios, the global energy storage solutions company, was selling 1.71 crore shares of Amara Raja Batteries for an aggregate of $174 milli...