Net Sales are expected to increase by 13.5 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 1,763.2 crore, according to Chola Securities.
Net Sales are expected to increase by 13 percent Y-o-Y to Rs. 1755.4 crore, according to Motilal Oswal
Weakening macroeconomic condition marked by rise in crude oil prices, rupee depreciation, rising interest rate regime coupled with regulatory challenge coming from mandatory long-term insurance as well as natural calamity like floods in Kerala had dampened the demand for most of the auto majors in India in September 2018. However, festive season brought cheers to selected pockets in the month of October 2018.
The company had posted standalone net profit of Rs 127.22 crore in the year-ago period, Amara Raja Batteries said in a regulatory filing.
Net Sales are expected to increase by 13 percent Y-o-Y (down 9.3 percent Q-o-Q) to Rs. 1,613.1 crore, according to Motilal Oswal.
Demand from telecom, within the industrial segment, continues to be a spot of bother. What is eating into the profitability of battery manufacturers is higher lead and sulphuric acid prices
Net Sales are expected to increase by 16.6 percent Y-o-Y (up 6.7 percent Q-o-Q) to Rs. 1,746.6 crore, according to ICICI.
Net Sales are expected to increase by 13 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 1,692.1 crore, according to Kotak.
Battery, being an essential component for an EV, would force a paradigm shift in the way these companies operate and could radically alter their fortunes depending on how well they adapt to the new reality.
Net Sales are expected to increase by 21.8 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 1,637.2 crore, according to ICICI Direct.
Tata Motors PV segment is expected to maintain strong growth momentum driven by Tiago and complimented by newly launched Tigor
Kalyan is confident of maintaining double-digit growth for the second of the year. â€œWe definitely believe that we would have improved the market share,â€ he told CNBC-TV18.
Shah believes Exide is likely to exit the insurance business which they bought for about Rs 550-600 crore from ING Vysya Life Insurance Co and that will help the stock that is currently trading at 20 times its earnings.
Technical analyst, Sudarshan Sukhani, s2analytics.com said that we just have to take a view that the market is holding on to the lows that it made on Thursday. If those lows hold and first sign of life is coming in the Bank Nifty then it is worthwhile taking a long trade.
Amara Raja's revenue rose by 24 percent at Rs 759 crore against Rs 614 crore yoy for the quarter ending December 31, 2012. Jayadev Galla, MD of the company told CNBC-TV18 that the company had raised a small price in December and will need to revise it further due to increase in lead prices.
United Phosphorous may give 35% returns, says Amisha Vora, Joint MD, Prabhudas Lilladher.
In an interview to CNBC-TV18, technical analyst Sudarshan Sukhani of s2analytics.com spoke about the market and his outlook. He believes the trade remains on the long side so long as the Nifty holds on to the 6000-mark.
Batteries supplier Exide Industries disappointed the street on every earnings parameter again in the third quarter of current financial year 2012-13. It has reported a net profit of Rs 104 crore in the third quarter, falling marginally compared to Rs 104.3 crore in a year ago period.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com talked about which stocks to trade in the coming session. He said Bajaj Auto and Hero Motocorp makes a good trading buys at the current levels and it is advisable to wait and watch L&T Financial Holdings.
Ajay Bodke of Prabhudas Lilladher says on ground implementation of reforms and the pace and extent of rate cuts, which the RBI could unveil post January, are the key events to watch, in addition to the contingence of the risk-on trade.
SP Tulsian, sptulsian.com advice traders to enter in Amara Raja around Rs 245-250.
Sell Exide Industries, says Saurabh Mukherjea, Ambit Capital. It is not a position that we would like to be in. It has historically been a superb franchise, but there is something going on inside that company where the numbers do not seem to make sense to us.
Sudarshan Sukhani, S2analytics.com is of the view that one can prefer Exide Industries to Amara Raja.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, Fort Share Broking shares trading strategy of the day.
Amara Raja hit a lifetime high after it announced strong first quarter earnings. Suresh Kalyan, chief financial officer, Amara Raja expects the company‘s topline to grow by 15-18% in FY13.