Moneycontrol Pro Ideas for Profit: Accumulate Amara Raja Batteries from long-term view

In Moneycontrol Pro's Ideas for Profit, Nitin Agarwal of Moneycontrol.Com spoke about a stock that he is tracking closely - Amara Raja Batteries.

The recovery in demand was clearly visible in Amara Raja Batteries' Q3FY21 numbers. The company witnessed a year-on-year (YoY) growth of around 12.1 percent in its topline. Its EBITDA margin remained healthy at around 15.6 percent. The replacement segment continues to do extremely well and the company generates around 45 percent of revenues from this segment.

It is advisable to accumulate this company from a long-term view.