Prefer Amara Raja, says Ajay Bodke

Prefer Amara Raja, says Ajay Bodke, Prabhudas Lilladher.

Bodke told CNBC-TV18, "On Crompton Greaves we would still be slightly wary because we would like to see their key businesses both the industrial and the power businesses stabilize and hence we have a hold on that stock."
He further added, "We are preferring Amara Raja over Exide in the battery business because we are expecting a very strong earnings growth in Amara Raja around 17.5% earnings growth in the current financial year followed by a similar kind of growth in FY18 and with a strong return ratio around 28-30% in that name."
Amara Raja's trailing 12-month (TTM) EPS was at Rs 17.34 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 17.47. The latest book value of the company is Rs 100.81 per share. At current value, the price-to-book value of the company was 3.01. The dividend yield of the company was 1.52%.