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    Buy Exide Industries, target price Rs 225: Motilal Oswal

    Synopsis

    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.

    exideAgencies
    Promoters held 45.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 10.4 per cent, DIIs 17.81 per cent.
    Motilal Oswal has buy call on Exide Industries with a target price of Rs 225. The current market price of Exide Industries Ltd. is Rs 182.65.

    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.

    Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue, Scrap for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3876.77 Crore, down -4.30 % from last quarter Total Income of Rs 4051.09 Crore and down -18.77 % from last year same quarter Total Income of Rs 4772.50 Crore. Company reported net profit after tax of Rs 241.38 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 45.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 10.4 per cent, DIIs 17.81 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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