Pick Amara Raja Batteries, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "On a fundamental bases Amara Raja Batteries has a very lean balance sheet, a very strong kind of market presence across the four-wheeler, two-wheeler and the tractor segments and I think growth is definitely going to pick up in the year FY18. Our sense is that softer commodity prices and plus the kind of pricing power this company has with both the OEMs and the replacement market should help it definitely show better profit numbers in FY18, so overall I think current level definitely presents a good opportunity for a good medium-term investment."

Amara Raja Batteries ended at Rs 877.45, down Rs 3.55, or 0.40 percent on the BSE.