Amara Raja hits 52-week high as Q3 earnings beat forecasts

Amara Raja Batteries, industrial and automotive battery major, hits 52-weeks high on Tuesday afterreporting a better-than-expectedgrowth of 22.73% y-o-y in net profit to Rs 809.11 million for the quarter ended Dec. 31, 2012.

Total income has increased by 23.76% to Rs 7.66 billion for the quarter ended Dec. 31, 2012 from Rs 6.19 billion in the year ago period. Shares of the companyare trading at Rs 315.05, up Rs 13.55, or 4.49% at the Bombay Stock Exchange (BSE) on Tuesday at 10:48 a.m.The scrip has touched an intra-day high of Rs 319.75 and low of Rs 308. The total volume of shares traded at the BSE is 490,590.In the earlier session, the shares climbed 1.07%, or Rs 3.2, at Rs 301.50. Currently, the stock is trading all time 52-week high, which is above 211.93% over the 52-week low of Rs 101.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 294.80 6.70 2.27 1 Month 241.40 60.10 24.90 3 Months 226.10 75.40 33.35 6 Months 153.50 148.00 96.42 1 Year 101.55 199.95 196.90 Note: Based on previous day closing price.