Amara Raja Ener. (ARE&M) Share News & Alerts

Amara Raja steps up investments in new energy biz to charge slower progress

▼ Bearish +7.29%

The stock is likely to face a bearish undercurrent as technology hurdles and slower progress in its highly anticipated EV battery segment undermine the premium valuation multiple attached to its green energy transition. Since the core lead-acid business remains robust, the negative downside should be cushioned, suggesting a mild corrective or sideways-to-bearish swing move over the next 1-2 weeks. Positional traders will likely stay on the sidelines until concrete timelines or execution milestones for the gigafactory are clarified.