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vaibhav nikam
Feb 13, 2023 10:31PM ET
As Adani falls 50 percent due to overvaluation Exide Industries can grow by 100-200 percent or more due to under valuation. Market PE is 18-20 for good companies and higher for new tech such as green energy Li ion solutions. Adani Enterprises has PE of more than 100 Exide of 3.5 Any FII will enter soon as India has found 4.9 million tonnes of Lithium in JK. Exide has already invested Rs. 12 billion in Karnataka to start Lithium battery manufacturing. It is established player, brand with distribution network. as govt will be providing dollar 4.6 billion incentives to this sector to boost make in India this is good on policy side too. FIIs already having significant stake and would keep increasing.
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