Amara Raja Energy shares jump over 19%; what's the latest buzz?

Media reports also suggest that the company is focusing on expanding its lithium-ion energy storage capacity to transition from lead-acid batteries to the newer technology.

Amara Raja Energy shares surged over 19% to hit their intraday high of ₹924 on Wednesday’s market, compared to ₹773.80 at the previous market close, with the trading volumes surging past 26 million across both stock exchanges, triggering the high-volume gains.

Lithium-ion push

According to a Moneycontrol report, Amara Raja Energy is focused on its clients in the telecom and data centre business as the company aims to export to 80 countries amid its Telangana factory launch.

Executive Director of Amara Raja Energy and Mobility, Vikram Gourineni, told the news portal that the company has crossed 1 gigawatt hour (GWh) capacity in lithium installations in the telecom sector, an industry where the company was dominating with its lead-acid battery offerings.

Gourineni also said that Amara Raja Energy is expected to reach around 1.5 GWh of additional lithium-ion energy storage capacity by the end of this year.

“Over the next two to three years, we expect aggressive telecom rollouts. After that, there will be some replacement cycles, and we’ll increasingly focus on stationary storage applications like UPS, utility-scale storage, and other emerging use cases,” he told the news portal.

Technical move

On the technical front, Amara Raja shares breached the 70 mark on the Relative Strength Index (RSI), 14-day average in the early market session, and since then has been on an upward trajectory during Wednesday’s trading session.

As of 1:44 pm, Amara Raja Energy shares were trading 16.8% higher at ₹903.90 on Wednesday, compared to ₹773.80 at the previous stock market close, according to NSE data.

The RSI 14 levels, at the same time, showed that the stock dropped from around 68 region to 52 levels within the overbought territory, as investors showed positive bullish momentum in the stock market.

Amara Raja share price trend

Amara Raja shares have delivered more than 13% returns on their investment in the last five years, and over 51% returns in the last three years, according to NSE data. However, the battery company’s stock was down 10% in the past one year period.

On a year-to-date basis, Amara Raja Energy shares were down 2.2% in 2026, but have risen more than 19% in the last one month period. The company’s stock was trading 19.86% higher in the last five market sessions.

Shares of Amara Raja surged to hit their 52-week high of ₹1,094 on May 29, 2025, while the 52-week low level was at ₹670 on March 30, 2026, according to the exchange data. The company’s market capitalisation (M-Cap) stood at ₹16,536 crore as of Wednesday’s trading session.