"The company was in discussion with the US company Exide Technologies for an out of court settlement to amicably resolve the long standing dispute. Based on the discussions, the company has entered into a settlement agreement with the Exide Technologies on May 19," the company said in a regulatory filing.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Apollo Tyres, Exide Industries, JSW Steel and Axis Bank and sell Tata Power.
Ashwani Gujral of ashwanigujral.com recommends buying CESC, KEC International, Britannia Industries, Balrampur Chini and Exide Industries.
Axis Direct recommended hold rating on Exide Industries with a target price of Rs 248 in its research report dated May 09, 2017.
Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland can climb to Rs 88 and Exide Industries may hit Rs 252.
Ashwani Gujral of ashwanigujral.com recommends buying Exide Industries, Reliance Industries and Idea Cellular.
Motilal Oswal is bullish on Exide Industries has recommended buy rating on the stock with a target price of Rs 274 in its research report dated May 04, 2017.
ICICI Direct is bullish on Exide Industries has recommended buy rating on the stock with a target price of Rs 270 in its research report dated May 05, 2017.
Vijay Chopra of enochventures.com advises buying Exide Industries on dips.
Ashwani Gujral of ashwanigujral.com suggests buying Canara Bank, Exide Industries and V-Guard Industries.
It had posted a net profit of Rs 175.21 crore in the January-March period of 2015-16, Exide Industries said in a BSE filing.
Operating profit is seen rising 8 percent year-on-year to Rs 289 crore but margin may contract 90 basis points to 14.3 percent in Q4FY17.
Sandeep Wagle of powermywealth.com is of the view that one can buy PTC India and sell Exide Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HCL Technologies, Bata India, Exide Industries and Union Bank of India and sell Aurobindo Pharma.
According to Ashish Kyal of Waves Strategy Advisors, one may buy Gujarat Fluorochemicals with a target of Rs 765.
Valuation point of view, caution is still there as markets have factored in all the positives that will boost earnings in future.
Prakash Gaba of prakashgaba.com is of the view that stocks like JK Lakshmi Cement, Dabur India and Exide Industries look good at the current level.
Mitessh Thakkar of miteshthacker.com suggests buying NIIT Tech and Exide Industries.
CA Rudramurthy BV of Vachana Investments recommends going long in Indiabulls Real Estate, Sintex Industries and Exide Industries.
Mitessh Thakkar of miteshthacker.com recommends buying Exide Industries and feels that above Rs 143, Karnataka Bank may hit Rs 150.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Glenmark Pharma and M&M and buy Siemens, Larsen & Toubro and Exide Industries.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9100 and resistance at 9150-9200 while Bank Nifty has support at 21250 and resistance at 21500-21600.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money suggests buying Amara Raja Batteries, IRB Infrastructure and feels that BHEL may head to Rs 178-180.
Sudarshan Sukhani of s2analytics.com recommends buying Cadila Healthcare, Exide Industries and Titan Company.
First, the big picture. The victory fashioned by Modi in India‘s politically most important state will inevitably be seen as a thumbs up for demonetisation; the failure of the Aam Aadmi Party in expanding beyond Delhi will also reassure those who want no threat, however small, to a dominant single party at the Centre.