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Experts see bull run in Exide & Maruti, remain neutral on MindTree & GMR

Wed, Oct 17, 2012 at 08:39

| Source: CNBC-TV18
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Exide

Brokerage: Bank of America Merrill Lynch

Rating: Buy

Target: Rs 172

Rationale: Exide will hike automotive battery price by 5% from the 18th of October according to its dealers. This price hike could help Exide achieve its target of around 18 percent EBITDA margin. FY14 EPS could rise by 9.3 percent keeping other factors constant. 

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