Shares of battery manufacturers Amara Raja Energy and Exide Industries have been on a consistent downward trajectory over the past five months, including November, as both stocks face persistent selling pressure. Analyst trim target prices post Q2 For Amara Raja, domestic brokerage firm Kotak Institutional Equities has kept its 'Sell' rating on the stock due to expensive valuations and revised …
Shares of battery manufacturers Amara Raja Energy and Exide Industries have surged in recent months, but they are now experiencing some sell-off pressure as investors appear to be booking profits. After hitting an all-time high of ₹1,775.95 apiece in late June, Amara Raja shares are trading 11.5 per cent below this level at ₹1,571 apiece. To advance in the Lithium-ion …
