Amara Raja at low valuations: Why the organized battery leader is stock pick of the week

After remaining on the sidelines, Amara Raja Batteries is making a comeback as analysts’ favourite, after reporting better than expected results for the fourth quarter of 2020-21. Though its immediate demand outlook is hazy due to covid, its medium-term demand outlook remains strong. Since batteries are usually replaced every 3-4 years, the demand fall in one quarter will get compensated in the quarters to come. Also, given the fact that Amara