Exide Industries Ltd
EXIDEIND

215.65

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

215.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

215.50

Open ()
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VWAP ()
Day's Vol
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Accumulate
Reco. Price
Rs 215.00
We recommend accumulate on account of revival in industrial and OEM segment coupled with momentum in GST implementation. Further, company’s focus towards technology upgradation and in-house lead production will reinforce growth. The stock trades at ~22x FY17E P/E compared to Amara Raja batteries trading at ~24x FY17E P/E. (Target: Rs 228)
Detailed View
50 DMA (.)
206.21
100 DMA (.)
193.23
200 DMA (.)
186.50
Weekly Range (.)
213.35
222.35
Monthly Range (.)
207.80
224.65
52 Weeks Range (.)
130.00
224.65
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