Amara Raja Batteries is currently trading at Rs. 739.15, up by 2.00 points or 0.27% from its previous closing of Rs. 737.15 on the BSE.
The scrip opened at Rs. 737.45 and has touched a high and low of Rs. 740.35 and Rs. 720.05 respectively.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 907.75 on 21-Aug-2018 and a 52 week low of Rs. 665.45 on 07-Nov-2017.
Last one week high and low of the scrip stood at Rs. 769.60 and Rs. 716.85 respectively. The current market cap of the company is Rs. 12591.44 crore.
The promoters holding in the company stood at 52.06%, while Institutions and Non-Institutions held 30.59% and 17.35% respectively.
Amara Raja Batteries and Johnson Controls, Inc. have signed a technology collaboration agreement to bring a new wave of battery technologies to India. Expanding on their 20 year partnership, the two companies will share and improve product design and manufacturing technologies enabling higher performance across Starting, Lighting and Ignition (SLI), Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries. These advanced batteries are fundamental to enabling sophisticated consumer features and stricter emission standards in automotive vehicles.
As part of this collaboration, Amara Raja will license Johnson Controls' proprietary PowerFrame grid technology. This patented technology is up to 66 percent more durable and more corrosion resistant to other grid designs. PowerFrame grid technology has been tested in multiple cities around the world, in the most extreme, real-world conditions, across the full range of automotive low-voltage battery products.
Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three-year warranty in industrial and automotive applications.
| Company Name | CMP |
|---|---|
| Exide Inds | 330.05 |
| Amara Raja Energy | 778.45 |
| HBL Engineering | 786.60 |
| Eveready Inds. India | 302.45 |
| Indo-National | 326.15 |
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