Exide Industries Ltd. (EXID)

  • Volume:
  • Bid/Ask:
  • Day's Range:
    142.80 - 145.40
  • Type:Equity
  • Market:India
  • ISIN:INE302A01020

EXID Comments

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  • commonsense says the stock is hikedup on news and has no real value. Stock will tank to 160 in 6weeks.
    • Insurance business sold for 80₹ share and the battery business bv is 80₹ but for me battery business valuation is more than 150₹ so it sums up to 150₹ battery +80₹ insurance business which they got from hdfc life it makes 230₹ and cmp of exide is 182₹ be calculative my friend this week it will break 200₹ levels
    • For the battery business to survive and pivot into the lithium ion batteries, they need significant investment and thereby debt. this does bring the valuation up but also the debt. If you look closely, the company has been loosing revenue due to slowdown in the automotive business which wont improve in the next two quarters. In short, you can wait now and buy for a better price in a few months. :)