According to the Stock Tips Expert, expectations of Amara Raja Batteries Fourth Quarter, the impact of not coming to the result is also on the company's stock price. On Monday, the company's stock price dropped 9 percent to Rs 756.45. The stock closed 3.56% down at Rs 802.30. Explain that the stock price was at the 52-week low level on November 7, 2017. Then the stock price reached the level of Rs 664.55.
The move of such a stock
On Friday, Amara Raja's turnover was closed at Rs 831.90 and on Monday it was Rs 814. During the trading, the stock price was at the highest level of Rs 818.95, but later it dropped 9 percent to Rs 756.45.
Better results, but less than expected
Stock Tips Expert report says In the January-March quarter of 2018 Amara Raja's results are better. But despite this, it is not as expected.
The company's net profit has increased by 10.7%. In the Q4 of 2017 where the net profit of the company was 99.19 crores, the profit of Rs 109.80 crores has been made in the same period of 2018.
Net Income Rs. 1,580.74 Crore
Meanwhile, Amara Raja's net income increased by 17.6% to Rs 1,580.74 crores from Rs 1,511.93 crores. Growth in company income is higher in more than 10 quarters. Despite the increase in profits and income, the results of Amara Raja were weak from the estimates.
About Company
Amara King is a battery manufacturing company. This American company is a subsidiary of Johnston Controls.
For More Info Visit Here: http://www.rudrainvestment.com/stock_cash.php
The move of such a stock
On Friday, Amara Raja's turnover was closed at Rs 831.90 and on Monday it was Rs 814. During the trading, the stock price was at the highest level of Rs 818.95, but later it dropped 9 percent to Rs 756.45.
Better results, but less than expected
Stock Tips Expert report says In the January-March quarter of 2018 Amara Raja's results are better. But despite this, it is not as expected.
The company's net profit has increased by 10.7%. In the Q4 of 2017 where the net profit of the company was 99.19 crores, the profit of Rs 109.80 crores has been made in the same period of 2018.
Net Income Rs. 1,580.74 Crore
Meanwhile, Amara Raja's net income increased by 17.6% to Rs 1,580.74 crores from Rs 1,511.93 crores. Growth in company income is higher in more than 10 quarters. Despite the increase in profits and income, the results of Amara Raja were weak from the estimates.
About Company
Amara King is a battery manufacturing company. This American company is a subsidiary of Johnston Controls.
For More Info Visit Here: http://www.rudrainvestment.com/stock_cash.php
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