Of the two stocks which Motilal Oswal Financial Services had given neutral rating in its note a day ago, one is flying today and the other is also on the rise. We are talking about shares of Amara Raja Battery and Exide Industries. Shares of Amara Raja Batteries today jumped by more than 18 percent to reach a 52-week high of Rs 1656.05. Whereas, shares of Exide Industries are trading up by about 4 percent.
Shares of Amara Raja opened at Rs 1480.85 today. Whereas, shares of Exide Industries at Rs 575. Shares of Exide Industries were also trading at Rs 597 today, touching a 52-week high of Rs 620.35.
What has the brokerage firm said
Domestic brokerage firm Motilal Oswal had given neutral rating on the shares of Amara Raja Batteries on June 24. According to the note, the stock can fall by more than 31 percent from the current price to Rs 1090. Whereas, the target price of Exide Industries has been kept at Rs 430 and there is a possibility of loss of 27.76 percent.
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Amara Raja Batteries Share Price History
In the last one month, shares of Amara Raja Batteries have given returns of more than 30 percent. This stock has more than doubled its investors’ money in just six months. Has given returns of more than 106 percent during this period. It has soared by more than 146 percent in the last one year.
Exide Industries Share Price History
Shares of Exide Industries have given returns of more than 7 percent in the last 5 days. It has given returns of more than 21 percent in one month. This stock has also more than doubled the wealth of its investors in six months. It has given returns of more than 157 percent in one year.
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,Disclaimer: The recommendations, suggestions, views and opinions of the experts are their own and not those of Live Hindustan. Here only information about the performance of the share is given, it is not investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.)
