Buy Exide Industries Ltd. target Rs 235.0 : Reliance Securities

Reliance Securities has Buy call on Exide Industries Ltd. with a target price of Rs 235.0 .The current market price of Exide Industries Ltd. is 231.05 Time period given by analyst is Intra Day when Exide Industries Ltd. price can reach defined target. Reliance Securities recommended to keep stoploss at Rs 226.0 .

Exide Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of ₹ 19584.00 Cr.) operating in Auto Ancillaries sector.

Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage) which contributed ₹ 7619.16 Cr to Sales Value (98.59 % of Total Sales) and UPS/Uninterruptible Power Supply Systems which contributed ₹ 108.19 Cr to Sales Value (1.40 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1725.26 Cr., down -10.56 per cent from last quarter Sales of ₹ 1928.89 Cr. and up 12.56 per cent from last year same quarter Sales of ₹ 1532.68 Cr. Company has reported net profit after tax of ₹ 151.49 Cr. in latest quarter. The company's CEO is Mr.G Chatterjee. It's Board of Directors include Mr.Jitendra Kumar, Mr.Jitendra Kumar, Mr.A K Mukherjee, Mr.Arun Mittal, Mr.Bharat D Shah, Mr.G Chatterjee, Mr.Nawshir H Mirza, Mr.R B Raheja, Mr.Subir Chakraborty, Mr.Sudhir Chand, Mr.Vijay Aggarwal, Ms.Mona N Desai. Company has its registered office at Exide House,, 59E, Chowringhee Road, Kolkata, 700020, West Bengal. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2016, the company has a total of 850,000,000 shares outstanding.