Buy Exide Industries; target of Rs 210: Anand Rathi
Anand Rathi is bullish on Exide Industries has recommended buy rating on the stock with a target price of Rs 210 in its research report dated January 30, 2023.
Buy Exide Industries; target of Rs 210: ICICI Direct
ICICI Direct is bullish on Exide Industries recommended buy rating on the stock with a target price of Rs 210 in its research report dated January 31, 2023.
Budget 2023: Battery stocks climb over 9% on custom duty reduction
"The policy on the replacement of old polluting vehicles should accelerate the transition towards EVs, which is in line with the Budgets aim to spur eco-conscious lifestyles. Overall, we are happy with the budget as it is inclusive, and progressive and will encourage investments in the EV sector," Korimerla added.
Sharekhan is bullish on Exide Industries has recommended buy rating on the stock with a target price of Rs 215 in its research report dated January 30, 2023.
FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 crore
Incorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing
India’s PLI Scheme – Spell of manufacturing brilliance or a fallacy?
In 2020, the government realised the lacunas of the previous initiatives, came back to the drawing board alongside the ministries and drafted the Production
Don’t go for fresh IT buys; no need to rush out of it either: Sudip Bandyopadhyay
“While there will be pressures on the Indian stock market, we strongly believe that there are opportunities in the Indian market and the Indian market to an extent will not get affected the way the other developed markets or some of the other emerging markets are affected by the global headwinds.”
3 stocks Hemang Jani will go for irrespective of fear in market
“The core focus now has to come back to earnings which are going to be out and what happens to the US market. Overall we should look at this market with a positive bias because each and every correction that we are seeing in the last one year or so, has been bought into. So, overall we remain positive and constructive on the market.”
We expect de-globalisation or re-industrialisation happening going forward: Nilesh Doshi
“We have attempted a very disciplined approach. We never went for over concentrated investment into any sector or stock and wherever we felt there are massive macro headwinds or challenges. We have exited those sectors or stocks. For example, we exited IT and pharma in December 2020 or early 2021, seeing the challenges.”
Breakout & follow up charts added for reference. Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find res......read more
ETMarkets Smart Talk: Nifty at 18,800 and Nifty Bank at 44,300 possible in December series: Manoj Vayalar
"We expect the Nifty to be positively biased. FIIs have started the series with 77% longs in index. Every time Bank Nifty leads the rally, it has more strength. We expect the same, at least in the first fortnight of December. So, the indices might be in 18,100-18,800 and 42,000-44,500 might range for the indices and 18,100 and above the bias is positive for the December series."
ETMarkets Smart Talk: Nifty at 16,800 and Nifty Bank at 44,300 possible in December series: Manoj Vayalar
"We expect the Nifty to be positively biased. FIIs have started the series with 77% longs in index. Every time Bank Nifty leads the rally, it has more strength. We expect the same, at least in the first fortnight of December. So, the indices might be in 18,100-18,800 and 42,000-44,500 might range for the indices and 18,100 and above the bias is positive for the December series."
Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 15457.25 Crore) operating in Auto Ancillaries sector.
Sharekhan is bullish on Exide Industries has recommended buy rating on the stock with a target price of Rs 215 in its research report dated November 15, 2022.
PSBs continue to shine, metal counters may post mild gains: Manoj Dalmia
Nifty Bank is at its all time high, although there is some weakness in it, the index can retrace back to 41,400 levels which might be crucial, any strong closing below 41,300 this can indicate a breakout failure and there can be selling. Range of 42,000-42,500 can be expected for the upcoming expiry.
Nomura bullish on Exide Industries; sees up to 18% potential upside after expected Q2 show
The brokerage said the companys EBITDA margin had been largely in line with estimates, benefiting from lower raw material prices or good sales at 9.5% (-260bp q-q), similar to peers.The company reportedly plans a capex of Rs 6,000 crore for a 12 GWh Li-ion plant in 2 phases. It plans to supply to all vehicle segments and has multiple chemistries and cell types.
Analysis for Study purpose: A wonderful breakout is seen in #EXIDEIND which is confirmed on both Daily and weekly charts. Keep an eye on the price action for good up move... I guess atleast 20 point move is expected in couple weeks.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, "Nifty witnessed sharp weakness from the intraday highs on Thursday and closed the day lower by 65 points. After opening on a negative note, the market shifted into a range bound action for the better part of the session. An attempt of upside recovery of mid part has failed to sustain and Nifty showed sharp declines towards the end."
Hold Exide Industries, target price Rs 190: Emkay Global
Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 14522.25 Crore) operating in Auto Ancillaries sector.
Exide Industries Q2 Results: Net profit up 5% to Rs 246 crore
The storage battery maker on Friday reported a modest 5% rise in net profit for the September quarter at Rs 246 crore against Rs 234 crore seen in the year-ago period.Profit before tax rose 4.8% to Rs 330 crore (Rs 315 crore earlier) on a revenue of Rs 3719 crore.
Corporate Radar: Ajanta Pharma to trade ex-dividend, LIC, M&M results and more
Shares of Ajanta Pharma (Rs 7 per share), GMM Pfaudler (Re 1 per share), Siyaram Silk (Rs 4 per share) and Nikko Parks (Re 0.4 per share) will trade ex-dividend. Shares of GPT Infraprojects will trade ex-bonus in respect of the bonus share issue in the ratio of 1:1.
Exide gave good bullish momentum on Friday but unable to sustain above 177 level which was historical resistance for this stock. Many time it touched 177 and came down to lower level.
Wait for any 1 Hour candle to sustain above this level so that we ......read more
FirstMeridian Business Services gets Sebi's go ahead to float Rs 800-cr IPO
FirstMeridian, which was founded in 2018, provides a wide range of services, including general staffing and allied services. It offers solutions for contract staffing, workforce automation, trade marketing, and global technology through short and long-term technology contract staffing.
Chart Check: Double bottom pattern makes this battery company an attractive buy-on-dips pick
“Technical indicator Stochastic exhibits a fresh BUY signal supporting the bullish stance. Exide Industries qualifies for a BUY at current levels of 165 & on dips towards 150 levels with stop loss to be placed below 142 levels on a daily close basis,” recommends Deodhar.
HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 114386.03 Crore) operating in Financial Services sector.
Irdai grants approval to merger of Exide Life into HDFC Life
Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the company. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the south India market.
Stocks in the news: Bajaj Auto, Infosys, HDFC Life, AR Wealth, MindTree and BHEL
Bajaj Auto, Shree Cement, Tata Elxsi, Oberoi Realty, Federal Bank, Just Dial, Spandana Sphoorty Financial, PLastiblends and Moneyboxx Finance are among the companies that will announce their results for September 2022 quarter today.
Navratri Special from Religare Broking: Why Exide Industries could give nearly 50% return in next 1 year
The automobile future will be established in the electric vehicles (EV) space and the battery is the main component in electrical vehicles. The company has also announced a plan to manufacture lithium-ion batteries to cater to electric mobility.
Ahead of Market: 10 things that will decide D-St action on Tuesday
Rupak De, Senior Technical Analyst at LKP Securities, said: "Nifty remained range-bound as investors await the FOMC outcome, due this week. On the lower end, Nifty found support above 17400, whereas bears protected the 17700 mark. The trend is likely to remain sideward over the near term. Support is placed at 17,350-17,400, and a fall below 17,350 may trigger a correction towards 17,000. On the higher end, 17700 may act as crucial resistance.”