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.
Motilal Oswal Report
Amara Raja Batteries Ltd.’s Q2 FY21 performance was driven by sharp demand recovery across segments post the lifting of the lockdown.
Q3 FY21 would see some raw material cost pressure due to lead price inflation; however, sustenance of demand momentum would dilute the impact through a price passthrough and operating leverage.
We upgrade our FY21/FY22E earning per share estimates by 7.7%/1.3% to factor in a volume upgrade.
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