Amara Raja Energy - Bull Case Target Achieved
Authored By Prime Research | Published at: Aug 12, 2026 05:01 PM 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. The base case target was achieved on Apr 23.
Today, the stock touched a high of Rs 1017.3, thereby achieving our bull case target of Rs 1015, yielding a return of ~31.1% in about 5 months.
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