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Buy Exide Industries, price target Rs 200: Manas Jaiswal

The analyst suggested a stop loss at Rs 185.

Last Updated: Jan 15, 2020, 11.43 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Exide Industries Ltd. with a target price of Rs 200. The current price of Exide Industries Ltd. is Rs 192.05. Time period given by the analyst is Intra Day when Exide Industries Ltd. price can reach defined target. Manas Jaiswal recommended to keep a stop loss at Rs 185.

Exide Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 16205.25 Crore) operating in Auto Ancillaries sector.

Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage) which contributed Rs 10564.89 Crore to Sales Value (99.77 % of Total Sales), Other Operating Revenue which contributed Rs 8.54 Crore to Sales Value (0.08 % of Total Sales), Export Incentives which contributed Rs 8.46 Crore to Sales Value (0.07 % of Total Sales), Scrap which contributed Rs 6.42 Crore to Sales Value (0.06 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3778.51 Crore, up 3.12 % from last quarter sales of Rs 3664.18 Crore and up 4.01 % from last year same quarter sales of Rs 3632.95 Crore. Company has reported net profit after tax of Rs 247.18 Crore in latest quarter.

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