Will Exide move 45% upon a monthly breakout? cmp 507
Updated
Buy Exide Ind around 504 - 507 with the short term target of 560 and target as 630, 730 as medium term
Positive outlook in auto segment: Auto segment performance is expected to improve driven by uptick in domestic production levels
UPS segment is the largest business vertical in the industrial segment and is expected to grow at 10%
Exports have steadily increased from ~4% to ~10% of revenues over the last few years and the company is focused on improving the export contribution to ~15% over the next two-three years
Exide is the market leader in the auto OEM market with ~60% of the market holds the 2nd position in the telecom sector and leadership in replacement segment.
Positive outlook in auto segment: Auto segment performance is expected to improve driven by uptick in domestic production levels
UPS segment is the largest business vertical in the industrial segment and is expected to grow at 10%
Exports have steadily increased from ~4% to ~10% of revenues over the last few years and the company is focused on improving the export contribution to ~15% over the next two-three years
Exide is the market leader in the auto OEM market with ~60% of the market holds the 2nd position in the telecom sector and leadership in replacement segment.
Note
EXIDE cmp 527Note
EXIDE INDUSTRIES cmp 542From 507 to 542
Note
EXIDE IND cmp 562Note
Exide in cmp 600
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