Amara Raja Batteries can head higher: Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "The larger term trend for the last one-and-a-half years has been good in Amara Raja Batteries. It is going through a period of consolidation. This month, so far has been good for the stock because it managed to break the chain of consolidation. If the events of numbers are getting absorbed by the market, at this level of Rs 945-950 it could be the base for Amara Raja. If it gets absorbed at those levels, you could see higher levels."At 14:31 hrs Amara Raja Batteries was quoting at Rs 952.20, up Rs 14.65, or 1.56 percent. It has touched an intraday high of Rs 973.20 and an intraday low of Rs 929.55.