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Amara Raja Batteries A Multibagger Stock, Strong Upside Potential

By Bhaveek Patel Leave a Comment

This company manufactures batteries for different automobile company. We see a strong growth in automobiles sector, which will surely grow this company in several folds. As per its strong fundamentals we see that this stock has been trading very cheap as compared to its earnings. Its 12 months average earnings per share is 18.76. While the P/E ratio stands at 10.5 which shows that the company has many miles in its growth story. Also the stock’s 52-week high is at Rs.228.

Our Analysis: We see this stock touching 228 levels very soon. So start accumulating (Buy) this stock near 185 – 195 levels for target 228 / 257. Stop loss should be placed at 175. This stock will soon prove itself a multibagger stock.

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Category: Multibagger Tags: AMARAJABAT/ midcap stocks/ Multibagger

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. hbjcapital says

    The multibagger stocks can be a great idea to make money. There are a number of multibagger stocks that have gained high popularity in making money.

    Reply

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