Yes Securities has sell call on Exide Industries with a target price of Rs 176. The current market price of is Rs 182.25.
Time period given by analyst is Intra Day when Exide Industries Ltd. price can reach defined target. Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 15499.75 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4575.49 Crore, up 8.37 % from last quarter Total Income of Rs 4222.03 Crore and up 31.38 % from last year same quarter Total Income of Rs 3482.69 Crore. Company reported net profit after tax of Rs 320.01 Crore in latest quarter.
Investment Rationale
The stock has broken down from a bearish flag pattern suggesting weakness. Further, it has also closed below its 200-day moving average, which confirms the bear trend. RSI has also entered bear territory, suggesting further correction in the stock.
Promoter/FII Holdings
Promoters held 46 per cent stake in the company as of March 31, 2021, while FIIs held 11.9 per cent, DIIs 24.6 per cent and public and others 17.5 per cent.
Time period given by analyst is Intra Day when Exide Industries Ltd. price can reach defined target. Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 15499.75 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4575.49 Crore, up 8.37 % from last quarter Total Income of Rs 4222.03 Crore and up 31.38 % from last year same quarter Total Income of Rs 3482.69 Crore. Company reported net profit after tax of Rs 320.01 Crore in latest quarter.
Did you Know?
Stock score of Exide Industries Ltd moved down by 1 in a month on a 10-point scale.
View Latest Stock Report »Investment Rationale
The stock has broken down from a bearish flag pattern suggesting weakness. Further, it has also closed below its 200-day moving average, which confirms the bear trend. RSI has also entered bear territory, suggesting further correction in the stock.
Promoter/FII Holdings
Promoters held 46 per cent stake in the company as of March 31, 2021, while FIIs held 11.9 per cent, DIIs 24.6 per cent and public and others 17.5 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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