MARKET EYE-India's Amara Raja Batteries jumps on 'strong' profit

Tue Nov 6, 2012 11:57am IST

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* Shares in Amara Raja Batteries surge as much as 
10.4 percent a day after the company reported a
bigger-than-expected 35.2 percent gain in July-September net
profit. 
* Angel Broking says the battery maker posted "extremely strong
results," and adds earnings growth was driven by the automotive
battery replacement segment, as well by momentum in the tubular
and home uninterruptible power supply (UPS) segment.
* Amara Raja rises 6.4 percent as of 0624 GMT.

 (manoj.dharra@thomsonreuters.com)
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