CMP : 167



Amara Raja Batteries Limited specializes in the manufacture of industrial and automotive batteries. The Company manufactures industrial batteries primarily for the telecom and UPS sectors. Amara Raja manufactures automotive batteries for the original equipment manufacturers and the aftermarket.

Amara Raja Batteries is a good mid-cap bet. Its currently trading at a P/E of little less than 10 and its dividend yield is pretty high at 1.7% in the last year. Liabilities are minimal. NPM has dropped a little in FY11 to little less than 10%. Its currently trading at its support levels on the chart and is a good time to buy in for long term gains. Buy, Accumulate on dips and hold for long term gains.