Amara Raja up 18 percent, why is this stock attracting investors

Amara Raja said in this agreement that Amara Raja Advanced Cell Technologies (ARACT) has entered into an agreement with GIB Energy X, a subsidiary of Goshan Hi-Tech Company Limited.

In this agreement, the company will license LFP technology for lithium-ion cells to ARACT. This agreement will help Amara Raja to create world class LFP cells.

If we talk about the performance of Amara Raja's stock, the company's stock has given tremendous returns in the last 6 months. On 26 December 2023, the company's shares were Rs 769.60, whose price has increased to Rs 1655.20 today.

At the same time, in the last one year, the company has given a return of 151.82 percent to the investors. At the same time, the company's stock has jumped by 33.03 percent in 1 month.