18 January 2007
Amerraja batteries
Present Price – Rs.437 Projected Price – Rs.490This company is a dominant leader in Industrial Batteries and is emerging as a fast growing brand in the Automotive Batteries segment. It's brand is the second largest selling battery brand in the country today. It sources this technology from its partner, Johnson Controls Inc., which holds a 26% equity stake in the company. It enjoys a market share of more than 50% in the domestic industrial battery market. Over the years, It has developed a strong base in the industrial battery segment wherein it has railways and major telecom companies as its clients. It also enjoys a strong presence in other power-control applications in process industries, oil and power sectors. On the technical front, the stock has broken out of a bullish pattern after a long consolidation. Buying is advised at current levels and at all declines. Long term holders can expect higher targets.
by erectusplus at 13:27:00 |
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