BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Citi maintains buy on Exide Industries
Citi has maintained buy call on Exide Industries for target price of Rs 196 per share. It says cost reduction initiatives are yielding results and Exide is taking steps in the right direction. Citi expects steady cash flows to continue and Q1'FY17 results will be strong driven by weak lead price.