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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
- 4 - SARAL GYAN CAPITAL SERVICES
Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
© SARAL GYAN CAPITAL SERVICES
This Service is provided on an "As Is" basis by saral gyan capital services. Saral gyan capital
services and its affiliates disclaim any warranty of any kind, imputed by the laws of any
jurisdiction, whether express or implied, as to any matter whatsoever relating to the S ervice,
including without limitation the implied warranties of merchantability, fitness for a particular
purpose. Neither saral gyan capital services nor its affiliates will be responsible for any loss or
liability incurred to the user as a consequence of his or any other person on his behalf taking any
investment decisions based on the above recommendation. Use of the Service is at any persons,
including a Customer's, own risk. The investments discussed or recommended through this
service may not be suitable for all investors. Investors must make their own investment decisions
based on their specific investment objectives and financial position and using such independent
advisors as they believe necessary. Information herein is believed to be reliable but saral gyan
capital services and its affiliates do not warrant its completeness or accuracy. The service should
not be construed to be an advertisement for solicitation for buying or selling of any securities.

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BUY AMARA RAJA BATTERIES FOR SHORT TERM GAINS

  • 1. 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
  • 2. 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
  • 3. 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
  • 4. 15% @ 90 DAYS – MAR 2014 - 4 - SARAL GYAN CAPITAL SERVICES Basis of Recommendation: i) Technical Analysis Disclaimer: Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company. © SARAL GYAN CAPITAL SERVICES This Service is provided on an "As Is" basis by saral gyan capital services. Saral gyan capital services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the S ervice, including without limitation the implied warranties of merchantability, fitness for a particular purpose. Neither saral gyan capital services nor its affiliates will be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking any investment decisions based on the above recommendation. Use of the Service is at any persons, including a Customer's, own risk. The investments discussed or recommended through this service may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but saral gyan capital services and its affiliates do not warrant its completeness or accuracy. The service should not be construed to be an advertisement for solicitation for buying or selling of any securities.