Buy Amara Raja with target of Rs 270: Agarwal

Buy Amara Raja Batteries with a target of Rs 270, says Rajesh Agarwal, Head of Research at Eastern Financiers.

Agarwal told CNBC-TV18, "One can buy Amar Raja Batteries with a stop loss of Rs 237 and a target of Rs 270, although the longer term target is much higher, which is around Rs 290 but for intra-day one can buy with a target of Rs 270. This is the second largest battery manufacturer in India with around 27% market share in OEM segment and around 20% in replacement market."