Nuvama Retains Buy on Amara Raja After CFO Meeting

A financial firm called Nuvama thinks Amara Raja, a battery maker, is a good investment.

They met with the company's leaders and are optimistic.

The company makes batteries for cars.

Nuvama believes the company will grow its business, especially in the lead-acid battery market.

They expect the company's profits to get better due to new factories and lower costs.

They also expect future lithium cell production.

Even though some of the timing on the lithium cell has been delayed.