Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Softbank Group-backed Ola Electric, engineering conglomerate Larsen & Toubro and battery makers Amara Raja and Exide have also submitted bids, the sources said.

Reliance, Hyundai, Mahindra submit bids under India’s $2.4 bn battery scheme: Report

According to Nandish Shah of HDFC Securities, the stock has broken out on the daily chart with higher volumes to close at highest level since December 10.

Nandish Shah recommends a Bull spread on Amara Raja for January series

Amara Raja Batteries, Exide India, Bajaj Auto, MRF, and Mahindra & Mahindra were also bullish as all the auto stocks listed on NSE traded in the green.

Nifty Auto index in fast lane; Maruti, Tata Motors, Hero MotoCorp in top gear

Sail और Amara Raja है Sanjeev Bhasin की आज की Top Picks |Bhasin Ke Haseen Shares| Zee Business

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Sail और Amara Raja है Sanjeev Bhasin की आज की Top Picks |Bhasin Ke Haseen Shares| Zee Business

Top picks in the auto sector are Amara Raja and Motherson Sumi, followed by So TVS, Bajaj and Hero in that order.

5 must-buy stocks in auto sector now: Sanjiv Bhasin

The investment is part of the Energy and Mobility strategy Amara Raja is pursuing to foray into new green technologies and solutions through expansion and investment

Amara Raja investing €10 million in European electric vehicle battery group

On making investments in the electric vehicle space, the stocks of Bajaj Auto and Amara Raja gained in trade today. CNBC-TV18's Sonia Shenoy here shares all the details on the adoption of electrification of vehicles by these two.

#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex #BajajAuto #AmaraRaja #ElectricVehicle

CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.

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Bajaj Auto & Amara Raja Gain On Investing In Electric Vehicle Biz | Markets Today | CNBC-TV18

Amara Raja Gains a key Foothold in the Booming European EV Market

This investment is in line with Amara Raja’s ambitions in the green technology space as part of its ‘Energy and Mobility’ strategy laid out earlier this year.

Amara Raja to invest in European e-mobility battery manufacturer InoBat Auto

The deal will enable Amara Raja Batteries to access expertise that will help deploy the required technologies for the manufacture of batteries for E-Mobility applications.

Amara Raja Batteries to gain key foothold in booming European EV market with investment in InoBat

Amara Raja Batteries to invest in Europe-based InoBat Auto

Amara Raja Batteries Limited is a manufacturer of lead-acid storage batteries for industrial and automotive applications in India. 

Amara Raja Batteries Ltd

Amara Raja Batteries Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Reliance, Hyundai, Mahindra submit bids under India’s $2.4 bn battery scheme: Report

Nandish Shah recommends a Bull spread on Amara Raja for January series

Nifty Auto index in fast lane; Maruti, Tata Motors, Hero MotoCorp in top gear

News Video

Sail और Amara Raja है Sanjeev Bhasin की आज की Top Picks |Bhasin Ke Haseen Shares| Zee Business

5 must-buy stocks in auto sector now: Sanjiv Bhasin

Amara Raja investing €10 million in European electric vehicle battery group

News Video

Bajaj Auto & Amara Raja Gain On Investing In Electric Vehicle Biz | Markets Today | CNBC-TV18

Amara Raja Gains a key Foothold in the Booming European EV Market

Amara Raja to invest in European e-mobility battery manufacturer InoBat Auto

Amara Raja Batteries Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Reliance, Hyundai, Mahindra submit bids under India’s $2.4 bn battery scheme: Report

Nandish Shah recommends a Bull spread on Amara Raja for January series

Nifty Auto index in fast lane; Maruti, Tata Motors, Hero MotoCorp in top gear

News Video

Sail और Amara Raja है Sanjeev Bhasin की आज की Top Picks |Bhasin Ke Haseen Shares| Zee Business

5 must-buy stocks in auto sector now: Sanjiv Bhasin

Amara Raja investing €10 million in European electric vehicle battery group

News Video

Bajaj Auto & Amara Raja Gain On Investing In Electric Vehicle Biz | Markets Today | CNBC-TV18

Amara Raja Gains a key Foothold in the Booming European EV Market

Amara Raja to invest in European e-mobility battery manufacturer InoBat Auto

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock