Amara Raja Energy & Mobility Ltd

(ARE&M)

Amara Raja Energy & Mobility Stock Gains Momentum - 02 Sep, 2024

Amara Raja Energy & Mobility has seen a 142% gain since June 2023, driven by its name change and focus on EVs. Despite higher valuations, the company remains fundamentally strong, with steady prospects in lead-acid batteries and a promising, albeit nascent, new energy business. Long-term investors can hold, but new investments are cautioned due to recent price increases.

Amara Raja Stock Surges Amid EV Transition - 31 Aug, 2024

Amara Raja Energy & Mobility shares have gained 142% since June 2023, driven by a name change and strong performance in the EV battery sector. Despite higher valuations, the company remains a solid long-term hold, though new investments are cautioned due to recent price surges. Q1FY25 showed a 16.7% rise in net sales and a 25.6% increase in net profits.

Amara Raja Faces Sell-Off Amid Profit Booking - 28 Aug, 2024

Amara Raja Energy shares are experiencing sell-off pressure after reaching an all-time high. Analysts note potential for a breakout if the stock exceeds ₹1,600, supported by recent advancements in Li-ion technology through a partnership with Gotion.

Amara Raja Reports Strong Q1FY25 Financial Performance - 27 Aug, 2024

Amara Raja Energy & Mobility Ltd shows positive growth with a 12% revenue increase to Rs 3,131 crore and a 23% rise in net profit to Rs 245 crore in Q1FY25. The stock trades at Rs 1,515.10, reflecting a slight increase of 0.09%. Its PE ratio of 29.6 suggests it may be undervalued compared to the industry average of 37.1.

Amara Raja Energys Gigafactory Launches Production Plans - 13 Aug, 2024

Amara Raja Energy has inaugurated its gigafactory near Hyderabad, aiming for 1.5 GWH battery pack production and 16 GWH lithium-ion cell capacity by FY27, with a total investment of Rs 9,500 crore.

Amara Raja Expands EV Initiatives and Production Capacity - 12 Aug, 2024

Amara Raja Energy & Mobility Ltd is expanding its operations with a new battery plant in North India and an MoU with Piaggio for EV components. The company is also investing Rs 9,500 crore in a gigafactory, indicating strong growth potential.

Amara Raja Advances in EV Battery Manufacturing - 11 Aug, 2024

Amara Raja Group has inaugurated a customer qualification plant for EV cell manufacturing and plans a 6 million units per annum lead acid battery plant in North India. The gigafactory aims to produce lithium-ion cells and battery packs, with operations expected to commercialize by late 2026. This initiative is part of a broader strategy to enhance production capabilities and create jobs.

Amara Raja Advances in Battery Manufacturing and EV Partnerships - 10 Aug, 2024

Amara Raja Energy & Mobility is making significant strides in battery manufacturing with new plants and partnerships, while expressing concerns over government commitments in Telangana. The company aims for substantial growth in the EV sector, potentially reaching a $5 billion valuation.

Amara Raja Announces Major Investment in EV Batteries - 09 Aug, 2024

Amara Raja Energy and Mobility is investing ₹9,500 crore in a gigafactory for lithium-ion batteries, with production expected to start by mid-2025. Chairman Jayadev Galla emphasizes the need for protection against cheap Chinese imports as the Indian battery ecosystem develops.

Amara Raja Energy Reports Strong Q1 Results - 05 Aug, 2024

Amara Raja Energy & Mobility reported a 25.6% YoY increase in consolidated profit after tax to Rs 249.12 crore for Q1 FY2024-25. The company's total income stood at Rs 3,292 crore, against Rs 2,819 crore. JPMorgan maintained a Neutral rating with a target price of Rs 1,435. Shares opened at Rs 1588.55 per share with a drop of 0.74%.

Amara Raja Energy & Mobility Reports Strong Q1 Results - 04 Aug, 2024

Amara Raja Energy & Mobility reports a 25.8% YoY increase in Q1 net profit to Rs 249 crore and a 16.7% YoY rise in revenue to Rs 3,263 crore driven by strong growth in automotive aftermarket, OEMs, and exports.