Buy Exide Industries, target price Rs 176: Sharekhan by BNP Paribas

Sharekhan by BNP Paribas has buy call on Exide Industries with a target price of Rs 176. The current market price of Exide Industries is Rs 164.15. Time period given by analyst is Intra Day when Exide Industries Ltd. price can reach defined target.

Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 13961.25 Crore) operating in Auto Ancillaries sector.

Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue, Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4051.09 Crore, up 14.39 % from last quarter Total Income of Rs 3541.44 Crore and up 13.82 % from last year same quarter Total Income of Rs 3559.30 Crore. Company reported net profit after tax of Rs 202.15 Crore in latest quarter.

Investment Rationale
Moving up along with a rising trendline. Broken out from an Inside bar pattern on the daily chart.