Sudarshan Sukhani of s2analytics.com is of the view that one can buy Amara Raja Batteries.
Sukhani told CNBC-TV18, "Amara Raja is one of the better players. It was in a correction when the market was falling. That correction seems to be over and it is getting at a lower price than the highs that it was making. So, one of the few stocks that could be considered for buying at current levels assuming the Nifty does not fall and collapse, this one should go up.”
At 10:09 hrs Amara Raja Batteries was quoting at Rs 294.50, up Rs 5.55, or 1.92%. It has touched an intraday high of Rs 296.80 and an intraday low of Rs 290.10.
The share touched its 52-week high Rs 328 and 52-week low Rs 137.50 on 30 January, 2013 and 06 March, 2012, respectively. Currently, it is trading 10.21% below its 52-week high and 114.18% above its 52-week low. Market capitalisation stands at Rs 5,030.43 crore.
The company's trailing 12-month (TTM) EPS was at Rs 29.52 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 9.98. The latest book value of the company is Rs 48.21 per share. At current value, the price-to-book value of the company was 6.11. The dividend yield of the company was 0.64%. Disclosure: I have no holdings in the stock discussed.
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