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#1
13th October 2004, 09:12 AM
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Amara Raja Batteries
Traderji,
Amara Raja Batteries has been moving in a band b/w 79 to 83 for quite sometime. yesterday moved to 85. Days low was 79.50 High 89.90 and closed at 85.95 at NSE. Volumes at 3,55,516 shares yesterday. I have gone thru the data for this stock for the last ten years. It stays in a range for about 15-20 days and then moves up. is there anything cooking up in this counter. whenever it breaksout of the range, it moves up very fast and then get into a trading range. Could you comment on this stock, Traderji? Rgds, Raja Krsnan. 
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#2
13th October 2004, 11:20 PM
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Re: Amara Raja Batteries
Hi Rajakrsnan,
I read in an newspaper 1 or 2 days before that Amara raja batteries has got order of 1 Lakh batteries for the next 12 months for Maruti Udyog Ltd. Thanks, Vijay
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#3
14th October 2004, 04:09 PM
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Re: Amara Raja Batteries
Quote:
Vijay, Thanx for the info. What i have noticed in this scrip is it gets into a trading range for certain period. Then whenever it breaks out, it moves very fast. can anybody tell me technically what is the postion now?
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#4
15th October 2004, 10:06 PM
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Re: Amara Raja Batteries
the share touched highest Rs.343.20 in mar 99 next Rs.313.10 in Jan01.
now it has bagged oe order for approx 1 lakh batteries from maruti. but they have been suppliers for ford and other auto companies too. the storage battery market is highly competitive. for short term will be ok 
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