Buy Exide Industries, target price Rs 585: Axis Securities
Exide Industries with a target price of Rs 585. The current market price of Exide Industries is Rs 513.4.
Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 43341.50 Crore) operating in Auto Ancillaries sector.
Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 4177.96 Crore, up 4.32 % from last quarter Total Income of Rs 4005.03 Crore and up 12.53 % from last year same quarter Total Income of Rs 3712.88 Crore. Company has reported net profit after tax of Rs 185.52 Crore in latest quarter.
Promoter/FII Holdings Promoters held 45.99 per cent stake in the company as of 31-Mar-2024, while FIIs owned 13.57 per cent, DIIs 18.56 per cent.
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