Nomura Sees Upside for Amara Raja Despite Headwinds

Imagine a company that makes batteries called Amara Raja.

A financial company called Nomura thinks the company's stock price could go up a bit.

They think lower taxes could help the company sell more batteries and make more money.

However, Nomura also has some worries about the company’s battery business because the type of battery might not be popular and tax cuts could cause issues.

Nomura lowered its expectations for the company's sales and profit for the next two years because of these problems.

Raw material prices are rising for this company.

The company also states it had experienced a decline in exports, telecom, and overall industrial revenue.