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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

Friday, 22 January 2016

Exide Inds: India Will Move On, If It Holds 117-113

Subdued raw material costs and hope of economic revival & GST may help

CMP:120

Buy on dips around 120-113;

TGT: 138-153*-161-175 & 195-205 (1-3 & 12-24M) 

TSL<108

Note: Consecutive closing below 108 for any reason or overall market meltdown, Exide may further fall towards 99-85 zone in the near term.



As par BG metrics & current market parameters:
(based on standalone TTM & FWD EPS)

Current median valuation of Exide may be around: 140 (FY:15-16/TTM)

Projected fair valuations might be around: 155-170 (FY:17-18/FWD)



SCRIP EPS(TTM) BV(Act)  P/E(AVG) Low High Median  200-DEMA 10-DEMA
EXIDEIND 6.85 47.44 20 143.98 134.93 139.46 151.32 132.9


EXIDEIND 7.15 51.75 20 147.10 137.86 142.48 151.32 132.9

EXIDEIND 8.45 56.45 20 159.92 149.87 154.89 151.32 132.9

EXIDEIND 10.05 61.55 20 174.40 163.44 168.92 151.32 132.9
  
Analytical Charts:














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