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Shares of Amara Raja Batteries powered up after Q4FY20

India covid-19 crisis
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Shares of battery maker, Amara Raja Batteries Ltd rose more than 5% in early deals on Monday, after the company announced better-than-expected March quarter results on Saturday.

True, the company’s revenues increased by about 1% last quarter over the same period last year to ₹1581 crore, which seems unexciting.

However, this is better than ₹1481 crore that a Bloomberg poll of analysts had estimated. Plus, these are difficult times for companies, as covid-19 crisis weighs on demand and in turn sales.

Even so, better replacement demand was expected to come to the rescue of battery companies. Analysts from Nomura Financial Advisory and Securities (India) Pvt.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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