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Amara Raja shares dip 5% post weak Q2; Nuvama keeps 'Buy' rating
short by / on Tuesday, 5 November, 2024
Amara Raja Energy & Mobility Ltd shares fell 5% post weak earnings for Q2FY25, reporting 12% YoY revenue growth but a 2% QoQ profit drop. Nuvama maintains a 'Buy' with a reduced target of ₹1,580, citing long-term growth potential amidst industry challenges and increased investment in EV technology.
read more at Trade Brains