Amara Raja Batteries: Buy.

(From Business Line)

AFTER a period of steady growth during the 1990s, Amara Raja Batteries' financial performance has taken a knock in the past few years. The growing competition in the industry along with huge initial investment towards the foray into automobile battery market dented the company's performance.

However, the recent developments along with the progress made by the company in the automobile battery segment could result in an improvement in performance over the next few quarters. Long-term investors could contemplate equity exposure in the company at the current market price of Rs 63.6.

Amara Raja Batteries was among the early …