Religare has recommended a buy of four top-quality stocks for new year 2016. A detailed explanation for each stock together with the target price is given
The demand in industrial segment is strong and growth in the replacement market augurs well for the company. Strong auto sales also support replacement demand for Corporate batteries. The company has big expansion plans and is entering new verticals and geographies translating into quicker growth. Looking to the strong demand we expect that the company will continue to show its strong financial performance in the near future.
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