Exide Industries
LTP: 171.50
Expected Upside: 205
"Exide Industries reported better than expected results as sales/EBITDA/net profit were higher than our forecasts by 11/19/27 percent. We raise FY21 sales/EBITDA/EPS estimates by 6/11/14 percent respectively given better than expected Q2FY21 results. We also raise FY22 estimates by 4/7/9 percent. Our SOTP based target price (based on FY23 earnings) stands at Rs 205". Its My personal view and 100% buy recommendations for all traders or investors. I believe to hold positions from short term to long term. This target is for very short term to mid term period.
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