01 May 2017 | 9:19 AM
Research Report
Weekly

Equity Research Report: Master Pick

Exide industries revenue jumped 23% to Rs 1763.34 crore for the second quarter ended September 2014. The jump in topline came primarily from encouraging growth in automotive and motorcycle replacement battery sale as well as improved telecom business and UPS battery business resulted in improved performance.
19 Dec 2014 | 06:00 PM

Exide been maintaining upward since May, 2014 and formed a new 52 week high at 183.40 in September, 2014. Currently, it’s in a consolidation range of 150-180 mark and likely to witness upside breakout from the same in near future. So, participants can accumulate it between 165-CMP (169.35) with closing below stop loss of 152 level for the target of 205 level.