Prefer Amara Raja Batteries, avoid Exide: Devang Mehta

Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "We have been clearly favouring Amara Raja Batteries over Exide Industries and we feel that there is tremendous scope for Amara Raja to outperform Exide on the back of excellent quarterly numbers. Normally quarter-over-quarter Exide has been a quite inconsistent in the last couple of years. So we feel that there is good upside to Amara Raja Batteries and we feel Exide can be safely avoided at this point of time."

The company's trailing 12-month (TTM) EPS was at Rs 6.42 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 24.58. The latest book value of the company is Rs 50.04 per share. At current value, the price-to-book value of the company was 3.15. The dividend yield of the company was 1.14 percent.