Exide Industries Ltd
Founder: W.W Gibbs
CEO: Gautam Chatterjee
Founded: 1947
Website: www.exideindustres.cpm
Mid Cap Company, market cap: 13957 (Cr)
Fundamental view
Profit making company, it is in increasing order from last 5 years. This is very good sigh.
Company is expected to give good quarterly result. But in last quarter Jun 2020 company is in loss because of due to lockdown that effect shown on the many company’s profit margins.
| Quarterly | JUN 2020 | MAR 2020 | DEC 2019 | SEP 2019 | JUN 2019 |
| Sales | 2,526 | 3,474 | 3,553 | 3,778 | 3,664 |
| Other Income | 11 | 8 | 19 | 6 | 27 |
| Total Income | 2,537 | 3,482 | 3,573 | 3,785 | 3,691 |
| Total Expenditure | 2,498 | 3,222 | 3,388 | 3,469 | 3,384 |
| EBIT | 39 | 260 | 185 | 315 | 306 |
| Interest | 35 | 13 | 29 | 23 | 29 |
| Tax | 17 | 10 | 37 | 44 | 115 |
| Net Profit | -13 | 235 | 118 | 247 | 161 |
Trending
Exide industries is electronic battery manufacturing company and as Govt declared only electronic cars can run on the road after within two years that benefit can get to Exide Industries. This is the leading company in battery sector
Technical Analysis:
Ascending triangle pattern forming on a weekly basis chart. Price has given positive breakout on the weekly candle, this chart expecting positive movement in the medium-term and long -term. Buy above 174 and keep a stop loss at 156, for the first target 208 and second target 230 for medium-term and long-term.
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