JPMorgan has initiated coverage on two stocks, ‘overweight’ on Exide with a target price of Rs 210 and ‘neutral’ on Amara Raja Batteries with a target price of Rs 570.
Recommended ArticlesView All
Biggest casualty of ending LTCG regime is not debt funds but the debt market
Mar 25, 2023 IST6 Min(s) Read
US Fed rate hike — willing to hit but afraid to wound
Mar 25, 2023 IST4 Min(s) Read
Withering Weather: Experts see erratic rains to spell higher food prices and tougher inflation ahead
Mar 24, 2023 IST4 Min(s) Read
Decoding Finance Bill proposals for debt funds: What remains and what changes
Mar 24, 2023 IST3 Min(s) Read
The firm believes, electric vehicle (EV) battery industry is at a cusp of take-off and there could be a huge opportunity but one should not write-off the legacy companies yet.
JPMorgan sees 30 times EV battery demand over the next four years, which would mean a big opportunity for the legacy companies like Exide and Amara Raja Batteries.
The street is very cautious on these companies and the firm believes the reaction on these stocks from the downside is overdone.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
To watch other videos in this series, click on the Standout Brokerage Report tab below.