Amara Raja Energy & Mobility Ltd Share Price (ARE&M)

Amara Raja Shares Surge Amid Bid for Battery Manufacturing Gigafactory - 23 Apr, 2024

Shares of Amara Raja Energy and Mobility surged as its subsidiary, Amara Raja Advanced Cell Technologies, submitted a bid to set up a battery manufacturing gigafactory in India. The company also hit a multi-year high due to a healthy outlook and strong earnings expectations. Additionally, it is among seven companies bidding for the Production Linked Incentive scheme aimed at supporting EV battery manufacturing.

Amara Raja Energy & Mobility Ltd Shares Surge 29% in a Month - 19 Apr, 2024

Shares of Amara Raja Energy & Mobility Ltd have surged by 29% in the last month, with an annual gain of 65%. The company's P/E ratio of 22.4x is lower than many Indian companies, indicating bullish signals for investors. Analysts predict earnings growth of 11% per year over the next three years.

Brokerage Gives Buy Call on Amara Raja Energy & Mobility Stock - 18 Apr, 2024

Amara Raja Energy & Mobility's stock receives a Buy call from a Domestic Brokerage with a potential upside of more than 20%. The company is expected to see steady growth in its Lead Acid business, export numbers, and aftermarket business. Additionally, Piper Serica Founder recommends investors stay on the right side of the macro trend for battery space.

Exide and Amara Raja Energy & Mobility Surge on Localised EV Manufacturing Hopes - 17 Apr, 2024

Shares of Exide Industries and Amara Raja Energy & Mobility surged to their one-year highs as the push for localised electric vehicle (EV) manufacturing could drive demand for their products. Analysts said Exides partnership with Hyundai and KIA and the governments impetus for making EVs in the country has improved growth prospects for battery-making companies.

Amara Raja Energy & Mobility Ltd Surges on High Volume Trading - 16 Apr, 2024

Shares of Amara Raja Energy & Mobility Ltd witnessed a surge in volume by 4.51 times over two-week average daily volume, increasing 7.91% to Rs.941.80. The shares of its peer, Amara Raja Batteries, also traded with gains of over 6%.

Amara Raja Batteries Share Price Spikes by 11% - 09 Apr, 2024

Sharekhan has assigned a price target of Rs 1,052 for Amara Raja Energy & Mobility Ltd due to expected healthy traction in the replacement segment and investment in Li-ion battery cell manufacturing. The company is set to outpace the organised lead-acid battery industry with client acquisitions, product launches, and an extensive distribution network. Analysts at Motilal Oswal predict that Amara Raja will become a leader in the battery space, solar, and motive power.

Amara Raja Energy & Mobility Ltd Volume Surges Over Two-Week Average - 08 Apr, 2024

The stock of Amara Raja Energy & Mobility Ltd gained 7.31% to Rs.869.85 as its volume surged 8.56 times over the two-week average daily volume on NSE.

Amara Raja Energy & Mobility Ltd's Q3FY24 Revenue Declines by 9.25% - 07 Apr, 2024

Amara Raja Energy & Mobility Ltd, one of India's largest manufacturers of lead-acid batteries for industrial and automotive applications, reported a decline in revenue from operations by 9.25% YoY in Q3FY24. The company's profits increased from Rs. 223 Crores to Rs. 240 Crores.

Amara Raja Energy & Mobility Market Cap Surges by ₹6.2b - 04 Apr, 2024

Retail investors in Amara Raja Energy & Mobility were rewarded as the company's market cap surged by ₹6.2b last week. The top 4 shareholders own 52% of the company, giving retail investors significant control over management and governance-related decisions.

Amara Raja President Discusses Material Efficiency and Scale - 27 Mar, 2024

Vijayanand Samudrala, President of Amara Raja Energy & Mobility Ltd, discussed the importance of material supply chain efficiency and scale for improved conversion costs. He believes that indigenization won't help until manufacturing scalability is achieved.