Online
|
|
NSE Announcements on Amara Raja Batt
Posted by :
MMB MessengerAmara Raja Batteries Ltd has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain closed from July 23, 2009 to July 30, 2009 (both days inclusive) for the purposes of ascertaining the members eligible to receive the dividend if declared at the Annual General Meeting scheduled to be held on July 30, 2009. Further, the Company has fixed July 30, 2009 (i.e. the date of Annual General Meeting) as the date on and from which the Dividend on the equity shares of the Company, if declared at the ensuing annual general meeting, will be payable at par....
BSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 01, 2009, inter alia, has considered and approved appointment of Mr. T R Narayanaswamy as an independent director with immediate effect. ...
NSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed the Exchange regarding a media release dated June 01, 2009, titled "Amara Raja crosses Rs. 15000 Million in Gross Sales for the first time; Amara Raja declares a dividend of Rs. 0.80 per share (40%) on diluted equity". A copy of the media release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed BSE regarding a Press Release dated June 01, 2009 titled "Amara Raja crosses Rs 15000 Million in Gross Sales for the first time"....
BSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed BSE about the Audited Financial Results for the Quarter & Year ended March 31, 2009....
NSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on June 01, 2009 has recommended a final dividend of Rs.0.80 per share subject to the approval of the shareholders at the ensuing Annual General Meeting....
BSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 01, 2009, inter alia, has recommended a dividend of 40% i.e. Rs 0.80 per equity share of Rs 2/-, subject to approval of the shareholders of the Company....
NSE Announcements on Amara Raja Batt
Posted by : MMB MessengerAmara Raja Batteries Ltd has informed the Exchange that Crisil has reaffirmed its rating for the bank facilities. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Amara Raja Batt
Posted by : MMB Messenger
Amara Raja Batteries Ltd has informed BSE that CRISIL has reaffirmed its rating for the bank facilities; the details of the same are as under :
1. Facility : Long Term Loans
- Prior Rating : AA-/Stable
- Revised Rating : AA-/Stable
- Rating Action : Reaffirmed
2. Facility : Foreign Current Term Loans
- Prior Rating : AA-/Stable
- Revised Rating : AA-/Stable
- Rating Action : Reaffirmed
3. Facility : Cash Credit
- Prior Rating : AA-/Stable
- Revised Rating : AA-/Stable
- Rating Action : Reaffirmed
41. Facility : Bank Guarantee
- Prior Rating : P1+
- Revised Rating : P1+
- Rating Action : Reaffirmed
5. Facility : Letter of Credit
- Prior Rating : P1+
- Revised Rating : P1+
- Rating Action : Reaffirmed...
AMAR RAJA IS A GEM OF AN INVESTMENT
Posted by :
rupeshiocl
sir,
What is the next target of Amara Raja Batteries. I am holding 300 Nos @58/-. What should i do. should sell off or not?...
AMAR RAJA IS A GEM OF AN INVESTMENT
Posted by : tara23crossed 75... may stabilise at this level as it has run too fast.....
AMAR RAJA IS A GEM OF AN INVESTMENT
Posted by : Guest
Galla Aruna Kumari has won in AP Elections with a good majority,she is the MD of Amaraja Batteries.
It is good indication that this share will go up to Rs.75 immediately as she is holding 7 projects in coming years.
Chief minister YSR is a favour to this company.
BUY.........BUY.........BUY....
Ranjit Reddy...
AMAR RAJA IS A GEM OF AN INVESTMENT
Posted by :
nachu
14th May 09.
I wish to share some observations about Amara Raja Batteries, that could be of interest to investors, especially retail investors:
When you look at the financial performance of this company, the first thing that captures attention is the fact that recession has not impacted its performance at all!
During the 11 quarters from June 06 qtr. its income rose from Rs. 1271.55 million=to Rs. 3,399.61 million in the qtr. ending Sep.08 and only slightly dipped to Rs. 3,330.23 in the Dec.08 qtr.
During the period between Sep. 07 qtr., to Dec.08 qtr., while its income rose by 1.28 times, its burden of interest expressed as a percentage of its income, rose only marginally higher, @ 1.47 times, in contrast to the galloping growth in share of interest to income seen in the analysis of many other companies.
Its cash profit to equity ratio for consecutive 3 quarters has remained steady, growing from 6.17 during Sep 07 qtr., to 6.76 during Dec.08 qtr. This is even after factoring the the bonus issue which lead to expansion of eqiity capital from Rs. 113.88 million in the Sep.07 qtr., to 170.81 million during the quarter ending Sep. 08.
Its RUP (ratio unit price), which was Rs. 138.63 on 28-Nov-07, when the price of the scrip closed at Rs. 171.00, has come down to Rs.39.11 today (14th May 09) when the scrip closed @ Rs.52.90.
Recession is the time when capital costs can be negotiated downwards and deliveries of equipments made faster. Therefore, this is the better time period to push through expansions, diversification or technology up gradation. This is what Amara Raja has done, as is reflected in the quantum jump in its depreciation charges in recent quarters . Like what Gujerat NRE and some others have also done rightly. The contrast is found in Archid Ply Industries, which has missed the bus, and sought share holders approval for diversion of equity garnered through its IPO for expansion, to be used instead as the short terms answer to its problems of working capital.
I would advice investors to take consider these items of information if they still have reservations in buying into this company. As pointed out by some boarders rightly, the price of this scrip is moving upward already and the earlier one buys the better will the value of his investment as time moves on.
...
Amara Raja Batteries - Hold
Posted by :
WarburgPincus
Amaron is the largest selling automotive battery soon in VLRA segment.
Amaron will give steady returns in medium to long term....
BSE Announcements on Amara Raja Batt
Posted by : MMB Messenger
Amara Raja Batteries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 01, 2009, inter alia, to consider the following:
1. Approval of audited accounts and results for the financial year ended March 31, 2009 and
2. Recommendation of dividend, if any, for the financial year ended March 31, 2009....
