Amara Raja Energy - Base Case Target Achieved
By Prime Research | Updated at: Apr 23, 2026 10:57 AM IST
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In our Stock Update report dated Mar 6, 2026 on Amara Raja Energy & Mobility, we had recommended to buy in Rs 800-815 band and add on dips in Rs 730-750 band for base case target of Rs 930 and bull case target of Rs 1015 in 4 quarters.
The stock entered our add on dips band on Mar 23, 2026.
Today, the stock touched a high of Rs 957, thereby achieving our base case target of Rs 930, yielding a return of ~20.2% in about 1.5 months.
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