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B. Krishna Kumar
BL Research Bureau
THE Amara Raja Batteries stock has been moving up sharply in recent months, aided probably by the anticipation of an improved performance from the company. This apart, the occasional surfacing of rumours relating to the probability of a hike in stake by the overseas collaborator also kept market interest alive in the stock. However, the company's decision to move into the automotive battery segment in a major way, and the rising competition in the industrial battery segment are likely to keep the growth rate subdued in the near term. Existing shareholders may cut their exposures at current levels, especially by …