BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Amara Raja Batteries Ltd.’s market-share gains in two-wheelers and new business opportunities in telecom would go a long way in building a strong position in its business.
The company registered 35% YoY growth in inverters and 40% in two-wheeler batteries, driven by 110% growth in original equipment manufacturers and 15% in the replacement market.
Four-wheeler batteries registered 4% growth on 11% growth in the replacement business.
We believe that the capacity constraints of others in the market is benefitting the company and we expect further market-share gains as punch-grid technology gains acceptance.
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