Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

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.

Buy Exide Industries; target of Rs 215: Sharekhan

Here is what the charts say about the shares of Exide Industries, IIFL Finance and JB Chemicals & Pharmaceuticals

Stocks that will see action this week

Timken India announced an Rs 600 crore capex towards SRB/CRB import substitution. Nuvama said this is a major positive as it imparts significant long-term revenue visibility beyond FY25 with the potential to double existing revenues

Brokerage Radar: Timken India, Glenmark, Titagarh Wagons, NMDC & Exide Industries

Exide Industries rose 2.54% to Rs 175.30 after the company’s consolidated net profit jumped 22.7% to Rs 241.20 crore on 13.3% increase in net sales to Rs 3,841.13 crore in Q2 FY23 over Q2 FY22.

Exide Inds Q2 PAT rises 23% YoY to Rs 241 cr

Analysts on average had expected a profit of Rs 236 crore, according to Refinitiv IBES data

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Today’ Pick: Exide Industries (₹166.45): BUY

The merger has added 1.3 per cent to the insurer’s standing, taking its market share to 16.1 per cent

Exide Life merger will be digested over next 12 months: HDFC Life MD

The HDFC-HDFC Bank merger is expected to be the key driver for HDFC Life’s shares in the near term, analysts say.

HDFC Life Insurance Q2 Review: Analysts See Steady Margins After Merger With Exide Life

The IRDAI approved the acquisition of 100% stake in Exide Life Insurance on Oct. 13.

HDFC Life Insurance Q2 Results: Profit Rises After Exide Life Acquisition

HDFC Life had completed the acquisition of Exide Life in January 2022. The entire transaction - from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger - was completed in less than 14

Exide Life merges into HDFC Life

he entire transaction from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger was completed in less than 14 months

HDFC Life completes merger of Exide Life a day after Irdai’s approval

Exide Industries Limited is a storage battery company. The Company designs, manufactures, markets and sells a range of lead-acid storage batteries. It operates through Storage Batteries & allied products, Life Insurance Business and Others segments. Storage batteries & allied products segment includes the holding company and some of its subsidiaries manufacture lead acid storage batteries and allied products. The Life Insurance business segment is engaged in life insurance business carried by its subsidiaries. It offers a range of products including automotive batteries, solar batteries, submarine batteries, industrial batteries, genset batteries, inverter batteries and home uninterruptible power supply systems. The Company manufacture batteries for the automotive, power, telecom, infrastructure projects, computer industries, as well as the railways, mining and defense sectors. Its manufacturing units are located in West Bengal, Haryana, Maharashtra, Tamil Nadu and Uttarakhand.

Exide Industries Ltd

Exide Industries Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Exide Industries; target of Rs 215: Sharekhan

Stocks that will see action this week

Brokerage Radar: Timken India, Glenmark, Titagarh Wagons, NMDC & Exide Industries

Exide Inds Q2 PAT rises 23% YoY to Rs 241 cr

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Today’ Pick: Exide Industries (₹166.45): BUY

Exide Life merger will be digested over next 12 months: HDFC Life MD

Exide Industries Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Exide Industries; target of Rs 215: Sharekhan

Stocks that will see action this week

Brokerage Radar: Timken India, Glenmark, Titagarh Wagons, NMDC & Exide Industries

Exide Inds Q2 PAT rises 23% YoY to Rs 241 cr

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Today’ Pick: Exide Industries (₹166.45): BUY

Exide Life merger will be digested over next 12 months: HDFC Life MD

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock