18 Aug 2018 | 1:37 PM
Research Report

Equity Research Report: Master Pick

Exide Industries has posted 17% growth in net profit to Rs 185.30 crore while its revenue grew by 18% to Rs 1912.36 crore in Q1FY15 on YoY basis. The growth in topline came on account of sales improvement across the segments, with automotive and industrial battery segment contributed the most. The Company plans a capex of Rs 350 crore for FY15. Of this, around Rs 200 crore allotted for automotive segment and remaining Rs 150 crore for industrial segment.
13 Sep 2014 | 08:00 AM

Exide saw an exceptional rally from 30 to 160 during its recovery phase in the year 2009-2010 and made a new life-time high.

It witnessed prolong corrective phase thereafter, which started in early 2011 and continued till May, 2014. Meanwhile, it retested its major supports of long term averages (100 EMA and 200 EMA) multiple times on weekly chart and slipped below 100 mark twice.

It has been maintaining upward bias since May, 2014 and recently witnessed a major upside breakout with noticeable rise in volume. One can initiate fresh long positions between172 -CMP (175.05) with closing below stop loss of 162 level for the target of 200 level.