According to a media report, Clarios was to sell 17.1 million shares for an aggregate of $174 million today
A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries
Street prefers Exide to Amara Raja, given the valuation difference
Net revenue from operations stood at Rs 2,103 crore as against Rs 1,581 crore in the fourth quarter of 2019-20
Amara Raja Batteries, the country's second-largest automotive battery maker, has opened the country's maiden technology hub to develop lithium-ion cells
Given cost pressures and high stock valuation, the stock could see pressure even after Monday's 6% correction
The company announced capex of Rs 500 crore towards setting up lead acid recycling plant of 1 lakh tonnes per annum capacity and captive 280 MW solar power plant
MRF hit a fresh 52-week high of Rs 81,000, up 2.4 per cent on the BSE, thus gaining 26 per cent in the past month.
The company registered a 35 per cent year-on-year growth in inverters and 40 per cent growth in 2W batteries,
Amara Raja Batteries Ltd on Tuesday reported a 7.93 per cent fall in consolidated profit after tax at Rs 201.27 in the second quarter ended on September 30
Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future
The company outperformed Exide for the fifth consecutive quarter
Company says it saw demand picking up in May and has managed coronavirus crisis well.
Firm lags its peer Amara Raja in Q4 & FY20
Amara Raja Group Promoters holding the office of Managing Director in various businesses have voluntarily agreed for up to 50 per cent reduction in their total remuneration for the current fiscal
Replacement demand, lower lead costs are positives for Exide and Amara Raja
During the quarter under review, the company's revenues grew little over 3% to Rs 1760.28 crore from Rs 1707.16 crore in the year-ago period
The management said the replacement demand for AMARON, POWER ZONE and QUANTA batteries across market segments helped the company achieve healthy volume growth.
The company said both automotive and industry battery businesses have recorded healthy volume growth during the quarter barring automotive OE segment.
Stamped-grid technology will allow it to offer high-performance batteries to meet customers' present and future needs