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Amararaja batteries

Discussion in 'Technical Analysis' started by caringvij, Oct 9, 2017.

  1. caringvij

    caringvij Active Member

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    Amararaja batteries has hit 52 week low Can we average now or more downside expected. It's ROE 20percent vs exide ROE 17percent. Why is it falling

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    caringvij, Oct 9, 2017
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  2. akhtar80

    akhtar80 Responder

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    No one knows why it is falling, I think it would touch 650 n 615 as well in some time.
     
    akhtar80, Oct 9, 2017
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  3. abhijitupsc

    abhijitupsc Contributor

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    Same question here
     
    abhijitupsc, Oct 9, 2017
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  4. farazzeya

    farazzeya Member

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    farazzeya, Oct 9, 2017
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  5. sachin_chaudhary

    sachin_chaudhary New Member

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    My eyes are also popping on ARB
     
    sachin_chaudhary, Oct 9, 2017
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  6. shabbir

    shabbir Administrator Staff Member

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    Never average down. Let the fall halt and see where it halts and then look to average. The lead prices worldwide hit a 10 year high which is a very common raw material for the company and so it can impact the margin big way. So you never know what the next results will have it in store for us.

    So as of now I don't think may be right time to average.
     
    shabbir, Oct 10, 2017
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  7. bhat64

    bhat64 Apprentice

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    and thanks to Lead prices you see the charts of NILE, Pondy and Gravita...lead recyclers having a gala time


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    bhat64, Oct 10, 2017
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  8. saptarshi_sachin

    saptarshi_sachin Responder

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    Lead prices are near lifetime highs and as a result of this, Amara Raja is falling. Margins are under pressure as 60% of input costs comes from lead.
    Please wait till Nov 5 as we have Amara Raja Q2 results coming up, and management has hinted at increasing product prices as it did not happen for quite some time. If management comes out with such a decision it will very positive for the stock and over the next couple of weeks if lead prices stabilize around where they are and do not go up further, it will be very good for Amara Raja.

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    saptarshi_sachin, Oct 20, 2017
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  9. caringvij

    caringvij Active Member

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    caringvij, Oct 30, 2017
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