03 Oct 2025 | 3 Mins Read
Nuvama sees 13% upside in this battery maker due to key factors
Flipitmoney
Amara Raja Energy & Mobility's stock is down 17% in 2025, but Nuvama Institutional Equities has a 'Buy' rating with a target price of Rs 1,120 for a 12.6% potential upside. The company expects 6-7% growth in aftermarket auto replacement demand, and 13% EBITDA margin by Q4FY26, improving to 14% in FY27.