BUY TO SELL STOCKS FOR SHORT TERM GAINS
19th
March 2014
AMARA RAJA BATTERIES BUY POTENTIAL UPSIDE: 16.7%
CURRENT MARKET PRICE: 366.75 TARGET PRICE: 428.00
BSE Code 500008 Market Cap (Crores) 6264.55
NSE Code AMARAJABAT P/E 18.05
Book Value 78.87 EPS 20.31
Face Value 1 Dividend Yield % 0.69
STOCK RECOMMENDATION

15% @ 90 DAYS – MAR 2014
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Amara Raja Batteries & Nifty:
Nifty: 14.6% Amara Raja Batteries: 34.7%
Stock Resistance and Support:
1st
Resistance – 385 1st
Support – 350
2nd
Resistance – 410 2nd
Support – 325

15% @ 90 DAYS – MAR 2014
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of Amara Raja Batteries (Rs. In Millions)
Particulars Dec 2013 Sep 2013 Jun 2013 Mar 2013
Audited / UnAudited UA UA UA UA
Net Sales 8629.3 8071.2 8937.55 8037.54
Total Expenditure 7126.1 6651.2 7483.55 6918.45
PBIDT(Excl OI) 1503.2 1420 1454 1119.09
Other Income 72.8 73.7 96.47 71.1
OperatingProfit 1576 1493.7 1550.47 1190.14
Interest 0.3 0.5 0.35 2.7
Exceptional Items 0 0 0 1.99
PBDT 1575.7 1493.2 1550.12 1189.43
Depreciation 156.8 154.2 145.17 267.34
ProfitBeforeTax 1418.9 1339 1404.95 922.09
Tax 468.8 393.2 426.92 326.1
Provisionsand contingencies 0 0 0 0
ProfitAfter Tax 950.1 945.8 978.03 596
Extraordinary Items 0 0 0 0
Prior Period Expenses 0 0 0 0
Other Adjustments 0 0 0 0
Net Profit 950.1 945.8 978.03 596
Equity Capital 170.8 170.8 170.81 170.81
FaceValue(INRS) 1 1 1 1
Reserves
Calculated EPS 5.56 5.54 5.73 3.49
Calculated EPS (Annualised) 22.25 22.15 22.9 13.96
No of PublicShareHoldings 81885048 81885048 81885048 81885048
% of Public ShareHoldings 47.94 47.94 47.94 47.94

15% @ 90 DAYS – MAR 2014
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
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