BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Kotak maintains sell on Exide Industries
Kotak has maintained sell on Exide Industries for target price of Rs 165 per share. It expects revenue growth of battery companies to slow down and says that the valuations are still demanding. It adds that valuations don't factor in weaker medium-term growth and sharp rise in lead costs to limit margin upside.