BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
HDFC Securities Maintains 'Buy' on Exide Industries
Exide growth story is premised on 1) strong growth in OEMs and replacement segment 2) capturing market from unorganized players post GST and 3) Strong traction in nascent e-rickshaws /solar segments, says the brokerage. However, challenges persist in the form of falling lithium-ion battery cost (concern for the demand of lead acid batteries), higher capex requirement and lackluster life insurance biz, it adds.