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    HomeNewsBusinessStocksBuy Exide Industries; target of Rs 301: Sharekhan

    Buy Exide Industries; target of Rs 301: Sharekhan

    Sharekhan is bullish on Exide Industries has recommended buy rating on the stock with a target price of Rs 301 in its research report dated August 02, 2023.

    Broker Research
    August 06, 2023 / 11:09 IST
    Buy
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Exide Industries

      Management foresees a steady demand in automotive segment and healthy traction in industrial segment. Soft commodity cost trend and revival in replacement demand would support its operating performance. The stock trades at P/E multiple of 16.4x and EV/EBITDA multiple of 7.9x its FY2025E estimates.

      Outlook

      We maintain our Buy rating on Exide Industries (Exide) with SOTP based PT of Rs 301 on expectation of recovery in replacement demand, healthy traction in OEM business and timely execution of its LI ion project.

      For all recommendations report, click here

      Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Exide Industries - 03 -08 - 2023 - khan
      Broker Research
      first published: Aug 6, 2023 10:58 am

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