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Exide Industries - BUY (Target: Rs130, Upside: 16.0%)
India Infoline Research Team / 10:10 , Mar 18, 2010

CMP: Rs112, Target: Rs130

±  Strong replacement demand to buoy automotive segment performance
±  Industrial segment will provide additional momentum
±  Lead sourcing strategy to expand margins
±  Recommend BUY on strong earnings momentum
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