Dharmesh Shah of ICICI Direct has a sell call on Amara Raja Batteries with a target price of Rs 696.

The current market price of Amara Raja Batteries is Rs 724.65.

Time period given by the analyst is intraday when Amara Raja Batteries price can reach defined target.

Dharmesh Shah recommended to keep a stop loss at Rs 769.

Amara Raja Batteries, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 12,629.88 Crore) operating in Auto Ancillaries sector.

Amara Raja Batteries key Products/Revenue Segments include Batteries (Storage) which contributed Rs 5,891.66 Crore to Sales Value (98.49 per cent of Total Sales), Sale of services which contributed Rs 45.88 Crore to Sales Value (0.76 per cent of Total Sales), UPS/Uninterruptible Power Supply Systems which contributed Rs 28.95 Crore to Sales Value (0.48 per cent of Total Sales), Export Incentives which contributed Rs 13.49 Crore to Sales Value (0.22 per cent of Total Sales) and Scrap which contributed Rs 1.41 Crore to Sales Value (0.02 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1,497.45 Crore, up 11.38 per cent from last quarter Sales of Rs 1,344.46 Crore and up 13.40 per cent from last year same quarter Sales of Rs 1,320.55 Crore.

Company has reported net profit after tax of Rs 99.85 Crore in latest quarter.

The company's top management includes Dr.Ramachandra N Galla, Mr.Jayadev Galla, Mr.N Sri Vishnu Raju, Mr.Nagarjun Valluripalli, Mr.Raphael John Shemanski, Mr.T R Narayanaswamy, Mr.Trent Moore Nevill, Ms.Bhairavi Tushar Jani.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 31-03-2017, the company has a total of 170,812,500 shares outstanding.