ARENM
from 970 today
Hollow marker shows the firm’s previous target.
Amara Raja's 1QFY27 PAT came in 6% higher than our estimates driven by strong revenue growth. We reiterate our Neutral rating with a target price of INR944.
We reiterate our Neutral rating with a TP of INR878, as we believe all the positives of the lithium-ion and lead-acid businesses are already factored into the current valuation.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
