Amara Raja Energy & Mobility, based in Hyderabad, saw its share price increase by over 14% today, reaching an intraday high of ₹888 on the National Stock Exchange (NSE). This surge follows the announcement that the company plans to start bulk production of lithium-ion EV cells next year, positioning itself as the second Indian company to do so after Ola Electric Mobility. The trading volume was notably high, with 19 million shares exchanged compared to just 0.5 million the previous day. Amara Raja also aims to double its lithium energy storage deployment in the telecom sector to 2 gigawatt-hours this year. The company has previously committed ₹9,500 crore over a decade to establish research and manufacturing facilities for lithium-ion batteries. Analysts suggest that the stock's recent performance indicates improving momentum, although it remains in a lower top-lower bottom structure, requiring it to surpass ₹920 for a confirmed long-term trend reversal.