Mighty returns: Top 7 must have mid & small cap stocks in portfolio

Mon, Jul 01, 2013 at 14:31

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Amara Raja Batteries

Target: Rs 325

Rating: Outperform

Rationale: The company is well-placed to capitalise on growth opportunities, given leadership in the telecom/UPS segments and strong No. 2 in autos. Driven by sustained demand in both the auto and industrial segments and improved pricing power, Amara Raja is expected to post an 18% earnings CAGR over FY13-15E.  Valuations appear favourable post the recent correction, given robust earnings growth, strong return ratios and negligible leverage.

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