Accumulate Amara Raja Batteries - Motilal Oswal

Motilal Oswal Securities has come out with a research report on Amara Raja Batteries Limited (AMRJ IN; Mkt Cap USD 332 m, CMP Rs172, Accumulate).

- Robust demand from the auto OEM and replacement segments
- Industrial segment demand to bottom out
- Expansion to aid volume growth and replacement sales
- Recommend to Accumulate for a target of Rs.210

Source : Equity Bulls

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