See 25-30% appreciation in Exide: Hemang Jani

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See 25-30% appreciation in Exide: Hemang Jani

See 25-30% appreciation in Exide Industries, says Hemang Jani of Sharekhan.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Hemang Jani See what other Experts & Brokerages are saying about Exide Industrie See messages about Exide Industrie

See 25-30% appreciation in Exide Industries , says Hemang Jani of Sharekhan.

Jani told CNBC-TV18, "In Exide after two quarters of dismal performance we are seeing about 19-20% growth in the top line which means that both for the OEM as well as for the replacement segment the growth is coming back on track."

He further added, "This quarter we have also seen fall in the Lead prices, which should lead to some kind of improvement in the margin. Overall going forward both with the volume being slightly better than expectations and the fall in the raw material cost, overall growth could be better. We think that there is a case for about 25-30% appreciation in Exide from current levels."