Nuvama sees 13% upside for this battery maker: 4 factors fuelling the bullish call

Amara Raja Energy & Mobility’s stock price has decreased by 17% in 2025, but Nuvama Institutional Equities still recommends buying with a target price of Rs 1,120, suggesting a potential 12.6% increase. The company anticipates growth in aftermarket auto replacement demand and improved margins due to various factors. The lead-acid battery business is expected to […]