Amara Raja Batteries – Booking complete profit around current levels of 600
Dear Readers, More than 2 years back in May 2012 we recommended Amara Raja Batteries (NSE Code – AMARAJABAT) to our Alpha/Alpha + members around Rs 150/-(adjusted for 2:1 split), and now on 28th Sep’14 we recommended complete profit booking around current levels of 590-600. It’s actually unfortunate that we had to recommend profit booking because we like the business and the long-term prospects of Amara Raja Batteries, however we were increasingly getting uncomfortable with some of promoter’s practices and thereby decided to exit…