Shares of Amara Raja Batteries Ltd hit a new high of Rs 384.40, up 5.81 per cent during the day’s trade.
The scrip touched an intra-day high of Rs 404.
The stock has seen significant surge in the past few days since the company came out with good numbers. The company logged a 95 per cent growth in its first quarter revenue at Rs 76 crore and also indicated at taking up expansion.
The market seems to have received the company news favourably at a time where most companies are hard pressed to register good profits.