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Published on 11/01/2019 9:43:23 AM | Source: Religare Securities Ltd

Buy Amara Raja Batteries Ltd For Target Rs.800 - Religare Sec

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Amara Raja Batteries Limited (AMARAJABAT)

AMARAJABAT has been trading in a prolonged consolidation phase for last four years. It has recently tested the lower band of that range and rebounding sharply since then. Indications are in the favor of further surge in near future. We advise creating fresh longs in the given range.

Recommendation

Buy Amara Raja Batteries Ltd @ 740-750 Stoploss 725 Target 800 CMP 755.10

 

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