Amara Raja Energy: During the last few days, shares of Amara Raja Energy and Mobility are being discussed a lot in the stock market. Today again a stormy rise was seen in the shares of this company of TDP chief Chandra Babu Naidu. The company’s shares reached the level of Rs 1449.55 with a rise of 14 percent. This is the company’s new 52 week high. Let us tell you, at the time of closing of the stock market, the stock price was Rs 1402.80 with a jump of 9.97 percent.
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During the last 3 trading days, the share price of this company has been successful in gaining 45 percent. Whereas, on March 20, 2024, the price of this stock was Rs 737.65. Since then, the company’s shares have seen a rise of 97 percent. That means the money of positional investors has more than doubled during this period.
what is the relationship
Amara Raja MD Galla Jaydev is a former MP of NDA’s main ally TDP. He was elected MP in the 16th and 17th Lok Sabha. But this time he had kept distance from the elections. Talking about stake in the company, the total stake of Galla Family Private Limited is 32.86 percent.
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This time BJP has not got full majority. In such a situation, it is going to need allies like TDP to run the government. TDP has 16 MPs. Let us tell you, BJP and TDP had come together before the elections. Their alliance has also been successful in forming government in Andhra Pradesh.
What does the company do?
The company has many different products. The company provides products and services ranging from Lithium Ion manufacturing, energy storage solutions, various EV chargers, automotive and industrial lubricants, etc. The company sells automotive batteries to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki and Tata Motors etc.
