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Wednesday, November 20, 2013

Our Target achieved in Amara Raja Batteries Ltd.

We had recommended a buy call on Amara Raja Batteries Ltd. in our post on 25th March, 2013 click here and further we posted on the same stock on 29th April, 2013 click here. The stock is currently trading at Rs. 335. We recommend to hold for a further more target of Rs. 380 in short term and then investors can book profit. Also the market is very volatile at the moment, so investors with low risk profile can book profit at the moment since the stock already tested a high of Rs. 341 in previous trading sessions.

Note : Amara Raja Batteries Ltd is a Shariah Compliant stock and hence those investors who are following shariah guidelines can invest in this stock. Its Ethical to invest in this particular stock as of today 20th November, 2013. We will update if this stock is removed from the list of Shariah Compliant Companies.